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 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 acquisition leverages Coupang’s expertise in operations and logistics with Farfetch’s prominence in the luxury market. This strategic merger is expected to improve customer experiences worldwide and expand Coupang’s reach in the South Korean luxury goods market, known for its high per-capita spending. Additionally, Farfetch will receive $500 million of capital to further develop its technology and extend its global reach.

THE WHAT? This acquisition is part of Coupang’s strategy to expand into the luxury goods segment and enhance its online retail presence. Bom Kim, Coupang’s CEO, highlights Farfetch’s influence in online luxury retail and the potential for growth post-acquisition. José Neves, CEO of Farfetch, anticipates that Coupang’s expertise will improve service for Farfetch’s partners and customers. The transaction was financially supported by Greenoaks, a global investment firm partnering with Coupang in this acquisition.

The post Coupang Announces Acquisition of Online Luxury Retailer Farfetch appeared first on Global Cosmetics News.

THE DETAILS To lead this expansion, Coty has appointed Rizwan Mulla, who brings over 25 years of experience in business development and marketing, as its business development director in India. The company currently retails several premium and consumer brands in India and reported a 65% growth in the 2023 financial year. Part of its expansion strategy involves launching Kylie Cosmetics in India in collaboration with House of Beauty.

THE WHY? Coty’s decision to expand in India is influenced by the region’s growing market for prestige beauty products. The company’s partnership with House of Beauty will utilise their expertise in promoting and distributing premium beauty brands in South Asia. This move is part of Coty’s broader strategy to enhance its market share and meet India’s increasing demand for quality beauty products.

The post Coty Expands Beauty Business in India appeared first on Global Cosmetics News.

THE DETAILS Yoshitsu has terminated the business cooperation the two companies entered into at the end of November.

THE WHY? Yoshitsu aims to enhance the customer experience, profitability and business performance of its Hong Kong stores, it said. Mei Kanayama, Principal Executive Officer at Yoshitsu, commented, “Through the transition of the operational control in Hong Kong’s stores, we expect to better adapt to market changes and serve our local customers. With the full operational autonomy, we believe that we will be in a better position to align our service standards in Hong Kong and optimize our costs among all the Hong Kong stores.

“We are committed to offering high-quality products and services to our Hong Kong customers, and expect to be able to cater to our Hong Kong customers’ needs more promptly. We believe the transition demonstrates the Company’s commitment to operational streamlining and expect this will improve customer experiences in our endeavors in achieving ever greater business success.”

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THE DETAILS The campaign includes a 3D interactive show where visitors can participate by sending holiday wishes to loved ones through the screens. This is done by scanning a QR code or scheduling messages in advance. In SEPHORA’s Fahrenheit88 store, customers can engage in an interactive game by scanning QR codes within the store, leading to virtual gifts that can be exchanged for real ones.

THE WHAT? This campaign aims to use technology to enhance the holiday shopping experience, offering a unique way for consumers to interact and celebrate the season. The interactive elements in the store and on the screens are designed to engage customers in a novel way, encouraging them to visit SEPHORA and participate in festive activities.

The post Kuala Lumpur Hosts SEPHORA’s Debut 3D Interactive Show appeared first on Global Cosmetics News.

THE DETAILS  The new store is 882 square feet. Offers a range of familiar and new cosmetic products and has introduced a unique customer loyalty program.

THE WHY? The reopening in Singapore represents Sa Sa’s attempt to re-establish its presence in the market. Established in 1978 and listed on the Hong Kong Stock Exchange in 1997, the brand has many stores in Hong Kong, Macau, China, and Southeast Asia. The move is part of its broader strategy to cater to customer demand in Singapore and the region.

The post Sa Sa Reopens Store in Singapore appeared first on Global Cosmetics News.

THE DETAILS Dickson Concepts, owner of the department store chain, is thought to pay some US$1.57 million in rent per month to lease the five-storey space, according to a report published by Apparel Resources.

THE WHY?  With Hong Kong still struggling to recover from its stringent Covid-restrictions and Chinese visitor numbers subdued, the department store is no longer viable, Apparel Resources reports.

The post Harvey Nichols to shutter Hong Kong store appeared first on Global Cosmetics News.

THE DETAILS Described as a ‘mesmerizing’ mega podium, the pop-up is designed to appear like a gift box and inside, features an Christmas tree made from Chanel perfume sculptures and gift boxes. Visitors will be able to explore Chanel’s latest holiday season launches inside, including some exclusive, limited-edition products.

THE WHY? General Manager of Cosmetics & Perfume, Chung Hee Eun, from Shinsegae Duty Free, reveals, “Shinsegae Duty Free is proud to present this extraordinary mega beauty destination at Incheon Airport, just in time for the Christmas and year-end holiday season. We aim to provide both domestic and international travelers with a special and memorable moment when they visit Chanel Wonderland.”

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THE DETAILS Held at the Expo I-pavilion in Shanghai’s Huangpu District, the event featured 146 new products from 52 prestige brands and 12 masterclasses.

THE WHY? Maggie Chan, Managing Director of Sephora Greater China, comments, “The 2023 SEPHORiA in China is our gift to our consumers, which has been an absolute success. We are excited to embark on this one-of-a-kind journey with our beauty community, to jointly discover, define and expand China’s world of beauty. Our hope is to constantly innovate to ensure SEPHORiA becomes one of the most anticipated annual beauty festivals in China. Thank you for your support, and please stay tuned!”

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