Luxury

‘Expect to see more of us’: escentials gears up to meet soaring demand for luxury niche beauty across Asia

29-Sep-2023 By Amanda Lim

LUXASIA-owned retailer escentials is on course for rapid expansion spree across Asia as consumers from Vietnam to India tap into the niche beauty trend.

Diagou disruptions: La Prairie H1 sales decline attributed to diagou woes in China and Korea

21-Aug-2023 By Amanda Lim

German personal care conglomerate Beiersdorf has blamed the diagou situation in China and South Korea for La Prairie’s 9.9% sales decline in the first half (H1).

Luxe refresh: CJ Olive Young strengthens premium position with new retail brand

02-Aug-2023 By Amanda Lim

CJ Olive Young is rolling out its new retail brand, Luxe Edit to strengthen its position in the growing premium beauty market.

Lancaster off to ‘dream start’ in China with debut of flagship and ultra-premium line – Coty CEO

24-May-2023 By Amanda Lim

American beauty major Coty is optimistic about Lancaster’s future in China as the launch of its new flagship and its ultra-premium Ligne Princiere line takes off with aplomb.

‘We must raise the bar’: Beauty consumers look to 'invest' while travelling – SK-II CEO

15-May-2023 By Amanda Lim

The travel retail channel holds major potential for luxury beauty, but more effort must be made to secure increasingly demanding travellers, says the CEO of SK-II.

Enrich and rebuild: LG H&H aims to reinforce luxury beauty unit to drive future growth

10-May-2023 By Amanda Lim

The South Korea consumer goods company LG Household & Health Care is aiming to strengthen its luxury beauty brands as well as boost its overseas business as part of plans to drive growth.

‘Challenging start’: La Prairie sales slump by 12% with China’s zero-COVID policies – Beiersdorf

02-May-2023 By Amanda Lim

Beiersdorf’s luxury brand La Prairie saw sales hampered in the first quarter (Q1) due to challenging market conditions in China caused by ongoing COVID-19 pain points.

L’Oréal CEO: ‘Hair care has become the new skin care’

14-Feb-2023 By Kacey Culliney

The strength of L’Oréal’s hair care business in 2022 came as a positive post-COVID surprise as consumers aspired to healthier, more diversified looks and shopped at the premium end of this category, its CEO says.

A new addition: Decorté extends flagship Liposome range with new eye serum to strengthen brand

14-Feb-2023 By Amanda Lim

Decorté Cosmetics is set to extend its bestselling Liposome skin care range with a new eye serum to reinforce its presence in the high-end beauty market.

‘Strong, inclusive and fearless’: Estée Lauder enters tie-up with Balmain for 2024 prestige beauty launch

27-Sep-2022 By Kacey Culliney

International beauty major The Estée Lauder Companies and French luxury fashion house Balmain have entered into a license agreement to collaboratively develop and launch an inclusive prestige beauty line next year.

Dazzling debut: L’Oréal touts Hainan as the ‘perfect venue’ to introduce J-beauty brand Takami

29-Aug-2022 By Amanda Lim

Hainan Island’s reputation as the “go-to beauty destination” makes it the ideal place to introduce Takami, the newest “jewel” in L’Oréal’s high-end skin care portfolio, claims the firm.

La Prairie China expansion: Luxury brand to open 10 more doors by end of 2022

23-Aug-2022 By Amanda Lim

German personal care major Beiersdorf has plans to expand La Prairie’s offline presence in China with 10 more touchpoints as the brand rebounds strongly in the pandemic-plagued market.

Skin care investment: FJB inks deal to distribute luxury brand MZ Skin as it continues to expand beauty portfolio

14-Jun-2022 By Amanda Lim

South East Asian retailer FJ Benjamin Holdings (FJB) has added UK brand MZ Skin to its beauty portfolio as part of its new focus on health and wellness.

‘Strong progress’: Coty China prestige beauty grows ‘six times faster’ than the market

22-Feb-2022 By Amanda Lim

Beauty and fragrance manufacturer Coty reports that the growth of its prestige beauty business in China is outstripping the market, with the firm predicting that the luxury sector, in particular, is ripe for future growth.

Prestige heritage: LVMH acquires ‘unique’ French brand Buly 1803

06-Oct-2021 By Kacey Culliney

The LVMH Group has acquired French fragrance and cosmetics company Officine Universelle Buly 1803, citing the strong philosophy match would see global growth flourish.

L’Oréal Prada tie-up to create ‘code-disrupting’ global beauty brand: Exec

23-Sep-2021 By Kacey Culliney

Beauty major L’Oréal and luxury fashion house Prada are driving international noise around their first fragrance launch – an innovation that marks the first of many designed to build out a highly competitive global beauty brand, an executive says.

Skin care sanctuary: La Prairie to offer more personalised experiences with first standalone flagship in SEA

06-Sep-2021 By Amanda Lim

Swiss luxury skincare brand La Prairie has launched its first standalone flagship store in South East Asia, which it believes will help the brand to meet the increasing demand for a more personalised experience for its high-end clientele.

POLA pay off: ‘Super prestige’ brand’s 129% growth guides Pola Orbis to recovery

04-Aug-2021 By Amanda Lim

Japanese cosmetics company Pola Orbis Holdings has rebounded on the back of high-end flagship POLA, which posted remarkable operating profit growth of 129.2% in the first half of FY2021.

Bouncing back: Strong demand for luxury beauty drives Amorepacific’s COVID-19 recovery

02-Aug-2021 By Amanda Lim

The demand for luxury beauty brands such as Sulwhasoo has helped to drive cosmetic firm Amorepacific’s recovery domestically and in overseas markets including China and Europe.

Online opportunity: Kao aiming to strengthen ‘super prestige brand’ SENSAI in key markets

04-May-2021 By Amanda Lim

Kao Corporation is working to reinforce the online presence of its high-end beauty brand SENSAI in key markets such as Japan, China and Europe, in order to strengthen its position in the prestige skin care market.

Pure gold: French-Australian indie brand La Fervance debuts clean beauty face mask

24-Jul-2020 By Kacey Culliney

Indie brand La Fervance has developed its first clean skin care product – a gold dust-infused facial mask targeting the luxury beauty market that it wants to take global.

Puig-Charlotte Tilbury acquisition: ‘It’s an interesting choice’ but ‘totally makes sense’

08-Jun-2020 By Kacey Culliney

Spanish fashion and fragrance firm Puig will acquire a majority stake in Charlotte Tilbury – an interesting move given rumoured competition from Unilever, though one that makes a lot of sense given company strategies, according to market experts.

A bite for beauty? Global luxury goods to decline 18% in 2020 amid COVID-19

20-May-2020 By Kacey Culliney

The global luxury goods market will shrink dramatically in the face of the ongoing coronavirus (COVID-19) crisis, with significant downgrades expected in Switzerland, Germany, Italy and France, says Euromonitor International.

Fashion friends: L'Oréal announces Prada tie-up for 2021 luxury beauty line launch

12-Dec-2019 By Kacey Culliney

Global beauty major L'Oréal has signed a long-term license agreement with high-end Italian fashion house Prada to develop a luxury beauty line it says will be an ‘ideal complement’ to its Luxe brands.

True price of luxury? Tech start-up launches program to track real-time cosmetic and fragrance sales

29-Oct-2019 By Kacey Culliney

Amsterdam-headquartered tech start-up Suburbia has developed a program that tracks sales of luxury cosmetics and fragrances, enabling investors to predict brand performance.

Firmenich: Ultra-natural ‘revolution’ in fine fragrance 2-5 years off

06-Aug-2019 By Kacey Culliney

Ultra-natural has taken hold across several beauty and personal care categories and fine fragrance will eventually make its mark with the right innovation and transparency focus, says a Firmenich executive.