Coupang and LG Household & Health Care bury the hatchet
Coupang and LG Household & Health Care have reconciled after a five-year dispute over cancelled orders. LG H&H will sell its Elastin, Perioe, CNP, O’Hui and Sum 37˚ on the platform once more.
SaSa Q3: Sales soar 36.7 percent as recovery continues apace
SaSa International has announced its unaudited results for the third quarter of the current financial year. Sales hit a total of HK$1,182.2 million in the three months to December 31, 2023, up 36.7 percent yoy.
Huda Beauty hopes to conquer India with Myntra launch
Huda Beauty is hoping to capture the hearts of Indian shoppers, having made its debut on e-commerce platform Myntra. The platform will also offer Huda Beauty’s recently launched Wishful skin care line as well as Kayali fragrances.
USHOPAL Invests in DOCUMENTS Brand
USHOPAL GROUP, a Chinese luxury beauty and retail group, announced its lead investment in the high-end fragrance brand DOCUMENTS.
ColourPop Cosmetics makes India debut via exclusive deal with Nykaa
Californian make-up brand, ColourPop Cosmetics has launched onto the Indian market via Nykaa’s platforms. The Seed-beauty owned brand will be available on Nykaa’s platforms and in bricks and mortar stores.
Benefit backs away from Chinese e-commerce
Benefit is withdrawing from three of China’s biggest e-commerce platforms. The LVMH-owned brand will no longer be sold via Tmall, JD.com or Douyin but will continue to be stocked in Sephora stores nationwide.
China’s Hi!Papa closes Series A+ funding round
Chinese cosmetics brand, Hi!Papa has closed a Series A+ funding round led by L Catterton. Financial terms were not disclosed. The investment will help the Gen Alpha-focused line further scale in the country’s rapidly growing kids personal care market.
Chanel opens first Fragrance & Beauty store in Mumbai
Chanel is said to have cut the ribbon on its first Fragrance & Beauty location in Mumbai. The French luxury label’s new store is situated at the Phoenix Palladium Mall and is the third such location in India.
Shiseido snaps up Dr Dennis Gross Skincare
Shiseido has announced that it has signed a definitive agreement to acquire Dr Dennis Gross Skincare. Financial terms of the deal were not disclosed. The impact on Shiseido’s financial results in 2024 will be revealed at a later date.
ELC’s venture capital arm buys minority stake in China’s Melt Season
The Estee Lauder Companies’ New Incubation Ventures is said to have acquired a minority stake in Chinese luxury fragrance brand, Melt Season. Financial terms of the deal were not disclosed.
LATEST NEWS