Men account for majority of spending in China’s luxury goods market
Men account for around 55 percent of China’s luxury goods market, well above the global average of 40 percent, according to research from brokerage CLSA. The trend has been attributed to the gift-giving culture in China as businessmen regularly buy presents for...
Indian company Emami acquires controlling stake in Australian personal care manufacturers, Fravin
Indian consumer goods company Emami has acquired a 66.67 percent stake in Fravin, an Australia-based manufacturer of natural and organic personal care products. The acquisition of Fravin is the first overseas acquisition by Emami in four years after the company took...
Use of parabens in cosmetics banned in Southeast Asia
The Association of Southeast Asian Nations' Cosmetics Committee has banned the use of five parabens as preservatives in cosmetics. The substances include isopropylparaben, isobutylparaben, phenylparaben, benzylparaben, and pentylparaben. The compounds will be added to...
AmorePacific considers patent lawsuit against L’Oreal Korea
AmorePacific, South Korea’s leading cosmetics firm, revealed on Tuesday that it is considering legal action against Lancôme over a possible patent infringement of its signature air cushion compact. Officials from AmorePacific said the company would decide whether to...
Australian patent granted to Cellmid for the use of midkine in hair loss products
Australian biotechnology company Cellmid has been granted an Australian patent for the use of molecular protein midkine to prevent and treat hair loss. Midkine is a protein that in humans is produced during oncogenesis (the creation of cancerous tumours), inflammation...
Animal testing banned in South Korea
South Korea’s Ministry of Agriculture, Food and Rural Affairs has announced plans to ban animal testing for cosmetics. Under the government’s Five Year Plan for Animal Welfare, testing finished products on animals will be banned, and further consideration will go into...
The Government of India releases new Drugs and Cosmetics (Amendment) Bill
The Government of India has published a draft of its Drugs and Cosmetics (Amendment) Bill, 2015, a revised and updated version of the Drugs and Cosmetics Act, 1940. The Bill proposes to expand the scope of the 1940 Act. Its documentation outlines that it will,...
Packaging manufacturer Essel Propack targets new markets by opening plant in China
Leading packaging manufacturer Essel Propack has opened a new plant in Suzhou, eastern China to target the fast-moving consumer goods and cosmetics markets in Middle East, Africa and China. Essel Propack, part of the Essel Group, valued at US$2.4 billion, specialises...
South Korean cosmetics brand Missha closes 20 stores across Hong Kong
South Korean cosmetic brand Missha has closed 20 outlets in Hong Kong during the New Year period. The brand has proved popular among Chinese consumers in recent years, yet analysts have attributed the closure of its stores to fierce competition from a new wave of...
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