THE DETAILS According to a report published by The Korea Herald, the Korea Fair Trade Commission fined Coupang KRW3.3 billion for unfair practices. Coupang’s appeal is pending.

THE WHY? A spokesperson for Coupang told The Korea Herald, “Coupang has been in discussions with LG H&H on ways to resume the partnership. Coupang will continue to actively communicate and collaborate with its partners to provide customers with a greater choice of quality products.”

The post Coupang and LG Household & Health Care bury the hatchet appeared first on Global Cosmetics News.

THE DETAILS Online sales grew 41.2 percent to HK$231.6 million and now account for 19.6 percebt of the group’s turnover, SaSa said. Offline sales rose an impressive 35.7 percent. Offline sales have now recovered to 49 percent of pre-pandemic figures.

THE WHY? SaSa explained in a statement that this Christmas was the first since borders fully reopened following the end of the pandemic and the Hong Kong government supported campaigns to boost local consumption.

The post SaSa Q3: Sales soar 36.7 percent as recovery continues apace appeared first on Global Cosmetics News.

THE DETAILS The launch is being supported by a CGI film that shows life-size Huda Beauty products flying around in the sky as well as outdoor 3D hoarding in Mumbai. In addition, some 100 leading influencers have been engaging Myntra shoppers with looks created with the brand’s bestsellers.

THE WHY? Sharon Pais, Chief Business Officer, Myntra, comments, “In our endeavour to bring the best of fresh global fashion and beauty to our customers, we are thrilled to add the iconic Huda Beauty to our robust selection of international brands.

“On the back of Myntra’s cutting-edge tech, unmatched reach and a keen understanding of the needs of new age, trend-first India, we look forward to supercharging Huda Beauty’s vision of winning with India’s premium base of shoppers.”

The post Huda Beauty hopes to conquer India with Myntra launch appeared first on Global Cosmetics News.

THE DETAILS  Lu Guo, CEO of USHOPAL, stated the investment aligns with their strategy of partnering with top-tier brands and expanding into the Chinese domestic market. DOCUMENTS was selected for its brand positioning, emotional communication, product consistency, and unique personality.

THE WHY?  Zhaoran Meng, founder of DOCUMENTS, aims to use the investment to enhance the brand’s creative capabilities and expand its global presence. The partnership focuses on improving DOCUMENTS’ competitiveness and establishing it as an international brand.

The post USHOPAL Invests in DOCUMENTS Brand appeared first on Global Cosmetics News.

THE DETAILS According to a report published by India Retailing, the partnership sees some 100 SKUs hit Nykaa’s platforms and spans the foundation, concealer, eye and lip categories.

THE WHY? Laura Nelson, Founder of Seed Beauty, told India Retailing, “ColourPop was founded with the mission of creating luxury beauty that doesn’t break the bank – and our goal is to bring that magic to customers all over the globe. Our community has been asking to see ColourPop IRL outside of the US and the launch of ColourPop in Nykaa is a huge step forward in our brand mission of delivering on our community’s asks.”

The post ColourPop Cosmetics makes India debut via exclusive deal with Nykaa appeared first on Global Cosmetics News.

THE DETAILS According to a report published by the Business of Fashion, the brand has some 2.5 million followers across the three platforms.

THE WHY? Benefit told the local press, per the Business of Fashion, that the move is part of a ‘readjustment of its development focus’ in the world’s second largest beauty market.

The post Benefit backs away from Chinese e-commerce appeared first on Global Cosmetics News.

THE DETAILS The Chinese kids personal care market has been growing approximately 12 percent a year over the past four years and is expecting to hit a value of RMB52 billion by 2026.

“Hi!Papa is committed to providing school-age kids in China with safe, gentle, and effective skin care solutions that meet their unique needs,” comments Hi!Papa Founder and CEO Jiangsheng Xuyu. “We have made significant headway since our establishment just four years ago and are excited about the road ahead as we leverage L Catterton’s operating capabilities to continue building our brand, broadening our product suite, and augmenting our distribution network.”

THE WHY? Scott Chen, Managing Partner in L Catterton’s RMB fund, explains, “Having made more than 30 investments in the global personal care space, we have seen demand for products which specially meet children’s skin care needs arise in other markets as they mature, and are not surprised that this arc is now unfolding in China too. Hi!Papa has likewise identified this market opportunity and methodically developed products that resonate with its target consumers, enabling it to not only capture white space, but also engender strong brand equity and win long-term customer loyalty. Its many achievements since its founding have been remarkable and we believe that it is poised for further success.”

The post China’s Hi!Papa closes Series A+ funding round appeared first on Global Cosmetics News.

THE DETAILS According to a report published by India Retailing, the mall’s general manager broke the news on LinkedIn.

THE WHY? Chanel’s choice reflects wider trends in the beauty industry as more and more prestige brands gravitate towards India, where sales are booming as the burgeoning middle classes’ disposal income grows.

The post Chanel opens first Fragrance & Beauty store in Mumbai appeared first on Global Cosmetics News.

THE DETAILS The brand will join Shiseido’s prestige portfolio, sitting alongside Shiseido and Cle de Peau and help the J-beauty giant to capture opportunities in the rapidly growing doctor led skin care market.

THE WHY? Shiseido revealed that the addition would be highly complementary to its existing portfolio, helping to drive growth and profitability in a critical market in the Americas business as well as creating synergistic effects with the J-beauty giant’s strengths.

The post Shiseido snaps up Dr Dennis Gross Skincare appeared first on Global Cosmetics News.

THE DETAILS According to a report published by Inside Retail, Melt Season’s parent company, Verse China, recently raised RMB10 million via two funding rounds led by Breeze capital.

THE WHY? New Incubation Ventures latest buy suggests a deliberate strategy to invest in the C-beauty landscape; the ELC-owned firm snapped up a minority stake in local skin care label Code Mint earlier this year.

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