Beauty industry

BRUNCH

Aiming for the right blend: C-beauty’s challenge to K-beauty can’t be brushed off

Lower prices, rapid launches and a strong social media game support growth of Chinese cosmetic and skincare brands in S-E Asia

FineToday was created in 2021 after Shiseido carved out its personal-care unit and sold it to CVC in a 160 billion yen deal.

CVC to sell personal care business FineToday to Bain Capital in 200 billion yen deal: source

The sale comes a few months after FineToday’s second attempt to list on the Tokyo Stock Exchange failed in October

The hub aims to be a global base for AI-driven beauty innovation, create 2,000 tech jobs through 2030, and speed up the rollout of advanced AI beauty solutions.

L'oreal to invest US$383 million in Indian beauty tech hub

[PARIS] French cosmetics giant L’oreal said on Wednesday (Jan 21) it will set up a beauty tech hub in the south Indian city of Hyderabad with an initial investment of US$383.4 million.

Last year, Bain Capital announced deals worth more than US$10 billion in Japan.

Bain makes binding FineToday bid, eyes Asia beauty market: sources

FineToday operates in 11 Asia markets, including South Korea and Singapore, with China its second-largest after Japan

Shiseido has also had to wean itself from Chinese demand, which has significantly slowed down post-pandemic, along with overall economic growth.

Shiseido faces tough turnaround after costly cosmetics stumbles

The company has embraced a turnaround plan that involves drastic cost-cutting and a refocus on its luxury brands

On the back of government support, South Korea's medical tourism industry – especially for dermatological treatments and plastic surgery – is thriving.

Kim Kardashian is hot on Korean beauty concierges, so are Singaporeans

Such services are booming in South Korea’s lucrative medical aesthetics tourism industry

A survey of aesthetic plastic surgeons across 32 locations in the world found that almost 38 million aesthetic procedures were performed last year.
HEALTH & WELLNESS

A global shift towards facial surgery

Most face and head procedures show year-on-year growth globally, with a 4.3 per cent increase to over 7.4 million

The investment in Lan comes after L’Oreal paid US$62 million for a 6.67 per cent stake in Chando.

L'Oréal buys second Chinese skincare stake as C-Beauty brands snare market share

The move highlights how central China is to the company’s global strategy

The beauty company is offering a two-year floating-rate note, a five-year fixed-rate note and a long 10-year fixed-rate bond.

L’Oréal starts three-part euro bond sale for Kering Beauté deal

The Kering Beauté acquisition marked the latest in a string of deals for the beauty giant