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30/04/2024 TikTok, Facebook, and other foreign service providers pay $575M in taxes ( General )
29/04/2024 Sacombank assures no loss on $141M loan to Bamboo Airways ( General )
29/04/2024 Skype rolls out update with new features for both Android and iOS ( General )
26/04/2024 Changi Airport Group awards OUE tender for lease and development of new hotel at Changi Airport Terminal 2 ( General )
26/04/2024 Korean Air to launch new route to Macau ( General )
26/04/2024 WhatsApp is working on an option to stop notifications when someone reacts to your status updates ( General )
24/04/2024 Puma to launch compostable shoes after a two-year pilot project ( Fashion )
24/04/2024 7-Eleven eyes 100,000 stores globally by 2030 ( General )
24/04/2024 Vietnam tops Southeast Asia in number of Apple suppliers ( Electronics )
24/04/2024 FPT and Nvidia to build $200M AI factory in Vietnam ( Electronics )
23/04/2024 Google Meet now lets users make annotations during presentations ( General )
22/04/2024 WhatsApp testing scheduling feature for easier event management in Communities ( General )
22/04/2024 EU set to approve Apple’s plan to open its NFC technology for rivals ( Electronics )
18/04/2024 Apple CEO Tim Cook says it is considering a manufacturing facility in Indonesia ( Electronics )

Retail Asia23/03/2022

In what’s likely the most unexpected beauty launch of the year, 7-Eleven has officially entered the world of beauty with the release of their $1 coffee body scrub. The strictly limited edition scrub, which will be sold exclusively via online retailer Adore Beauty from Tuesday 22 March, is made from the same aromatic Arabica and Robusta beans […]

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Retail Asia08/02/2022

The range called Boohoo Beauty, features items for brows, lips, eyes, and face, and is available in various shades to suit multiple complexions and skin tones. It comprises lip gloss, lip liner, blusher, bronzer lipstick, and a contour stick. Customers can also buy tools and accessories including a brush cleaner, light-up mirror, fast-drying wrap for […]

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Retail Asia18/11/2021

The L’Occitane group has acquired an 83 percent stake in Brazilian-inspired body care brand Sol de Janeiro as part of a strategy to expand its premium beauty offer. Upon the deal’s closure, Sol de Janeiro will become a majority-owned subsidiary of L’Occitane group. The value of the deal has not yet been disclosed. L’Occitane said […]

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Retail Asia15/10/2021

The chief executive of Japanese cosmetics giant Shiseido Co believes inbound tourism will return next year as the pandemic abates, beginning a gradual recovery in sales of high-end goods to travelers. A halt in tourism amid the COVID-19 pandemic has cut off sales to Chinese visitors, a critical segment in years past. China may start […]

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Retail Asia30/08/2021

Shiseido Americas is selling cosmetics brands, BareMinerals, Buxom, and Laura Mercier to AI Beauty Holdings Ltd, a newly-formed affiliate of private equity investment firm, Advent International. The terms of the deal were not disclosed. Upon completion of the transaction, Pascal Houdayer, the former chief executive of NAOS (Bioderma, Esthederm, Etat Pur) will serve as CEO […]

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Retail Asia27/08/2021

ASX-listed company BWX has snapped up a controlling stake in beauty entrepreneur and young rich lister Zoë Foster Blake’s business Go-To Skincare in an $89 million deal. BWX scooped up 50.1 percent of Go-To with the deal valuing the business, which sells its range of moisturizers, face masks and bubble bath online and through Mecca […]

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Retail Asia01/07/2021

South Korean sustainable beauty brand Aromatica has introduced its zero-waste beauty refill space, Aromatica Zero Station, in Seoul. Aromatica said the space is a combination of retail, refill station, aromatherapy, recycling, and upcycling centre – and features a tea house. Aromatica Zero Station features 18 products, including rosemary shampoo, aloe vera gel, conditioner, body oil, […]

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Retail Asia01/07/2021

Online marketplace YesAsia is set to raise US$17 million in an IPO launch in Hong Kong. The company aims to offer 39,540,00 new shares, 90 percent of which will be available for placing with institutional and professional investors while 10 percent will be available for subscription by the public in Hong Kong. Founded in 1988, […]

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Retail Asia01/07/2021

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Beauty products retailer L’Occitane International has reported sales and profit beyond expectation after successfully adapting to the challenges of selling products during a global pandemic. Despite the Covid crisis, like-for-like net sales of US$1.83 billion were down just 1.1 percent against the previous year, but net profit grew by 36.3 percent to a record $187 […]

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Retail Asia17/06/2021

Unilever is to add digital-led skincare brand Paula’s Choice to its portfolio after reaching a purchase agreement with TA Associates. The value of the deal – expected to be completed in the third quarter this year – has not yet been disclosed. According to Unilever, Paula’s Choice will join its Prestige division which manages other […]

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Retail Asia05/05/2021

Soon, you’ll be able to wear Zara from head to toe and from face to toenails. Yesterday, the retailer unveiled Zara Beauty, the company’s first-ever comprehensive beauty collection. It will be launching online and in select stores on May 12. To help create a line of cosmetics that felt playful, innovative, and fresh, the brand tapped world-renowned makeup artist Diane […]

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Retail Asia20/04/2021

The Estée Lauder Companies has named Japanese model Kōki as the newest global brand ambassador for its flagship Estée Lauder brand. She will feature across the brand’s digital, television, in-store, and print media, in domestic and travel retail markets, beginning with a makeup campaign in April. Kōki will also appear in all of Estée Lauder’s […]

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Retail Asia20/04/2021

At its annual general meeting Saturday, it also announced a revenue target of VND21 trillion, up 20 percent. But Phu Hung Securities Corporation has forecast revenues of VND18.4 trillion and profits of VND1.09 trillion, explaining that the volatility in gold prices and consumers’ increasing preference for imported jewelry would keep numbers down. BSC Securities expected […]

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Retail Asia16/02/2021

Beauty giant L’Oréal, besides posting financial results that beat expectations, is offering high-level optimism, promising a resurgence in sales and a new “Roaring ’20s.” “Like a flower after winter, beauty is ready to blossom after COVID goes away,” says Nicolas Hieronimus, the Paris-based conglomerate’s incoming chief executive officer, in a webcast for investors. Adding that […]

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Retail Asia28/01/2021

L’Occitane U.S. filed Chapter 11 bankruptcy protection in New Jersey on Tuesday, seeking to close stores. The business cited declines in brick-and-mortar sales and the ongoing coronavirus pandemic as the reasons for the filing. “Like most retailers in the United States, the debtor has been impacted by the COVID-19 pandemic, which has significantly limited retail operations […]

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Retail Asia27/01/2021

Three years ago, Suh Kyung-bae was the second-richest person in South Korea. Today he’s barely Top 10, a stark reversal in a K-beauty boom known for minting billionaires, not breaking them. Suh’s $3.6 billion fortune, down from roughly $8 billion in 2017, is largely comprised of shares in his family’s cosmetics conglomerate, Amorepacific Group, which […]

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Retail Asia25/01/2021

Japanese cosmetics firm Shiseido Co Ltd said on Friday it was in talks to sell its lower-priced skincare and shampoo lines to private equity firm CVC Capital Partners in a deal reported to be valued at over $1.45 billion. Shiseido said it was in talks to sell its “personal care” business in the first half […]

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Retail Asia10/11/2020

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Shoppers searching Google for cosmetics will be able to try them on virtually through a deal with L’Oreal, as the French group looks to make up for lost store sales caused by coronavirus lockdowns by expanding online. Maybelline maker L’Oreal, which returned to comparable sales growth in the third quarter when coronavirus restrictions eased, has […]

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Retail Asia06/11/2020

Beauty technology company Social Bella announced its first overseas expansion with the launch of the beauty e-commerce platform Sociolla in Vietnam. Demand from beauty enthusiasts in Vietnam was one of the company’s considerations, following a US$58 million funding from investors, such as Singaporean state investment fund Temasek and its private equity subsidiary Pavilion, alongside Singaporean venture capital firm […]

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Retail Asia04/11/2020

Estee Lauder Cos reported better-than-expected quarterly results on Monday, as people confined to their homes bought more of its skincare products online and sales improved in its Asian markets. The M.A.C brand owner has ramped up investments in its online business and seen growth in demand for its skincare products as customers opted for serums […]

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