Skinfood

Retail Asia30/01/2019

South Korean cosmetics stores that have been the drivers of the ‘K-Beauty’ industry for the past 15 years are facing a crisis, exposing their limitations. The cosmetics industry is undergoing a series of transformations due to decreased demand from China and a change in distribution structure resulting from stagnant domestic demand and increased competition. Nowadays, […]

Retail Asia21/11/2018

Korea’s mid-sized cosmetics companies suffered losses in the third quarter of this year as they struggled to reorganize their business structures in the face of tough competition at home, industry sources said Sunday. Able C&C, which operates budget cosmetics brand Missha, swung into the red in the July-September period, posting a net loss of 9.4 […]

Retail Asia16/10/2018

South Korean cosmetics firm Skinfood has filed for court receivership after increasing financial losses. The company’s former popularity of a decade ago was hit by the 2015 Middle East Respiratory Syndrome (MERS) outbreak and diplomatic disputes between Seoul and Beijing, both events affecting the brand’s core overseas markets. A company spokesperson said: “We are having […]

Retail Asia23/03/2018

Unsafe levels of the heavy metal antimony have led to the South Korean government banning 13 cosmetics products. Some of the products, including eyebrow pencils from 3CE and Etude House, were previously available in Hong Kong and have been taken off store shelves. According to the Ministry of Food and Drug Safety in South Korea, […]

Retail Asia17/10/2016

The Korean eco-cosmetics brand Innisfree has officially launched in the Vietnam market. The first Innisfree Vietnam store will open at 257 Hai Ba Trung St in District 3, on the edge of Ho Chi Minh City’s CBD on October 29. Vietnam is the ninth overseas market that Innisfree has chosen for international expansion. The brand […]

Retail Asia02/08/2016

Three years after the Japanese luxury department store chain announced plans to enter Saigon, Takashimaya Vietnam opened its doors at the weekend. As the anchor tenant of downtown Ho Chi Minh City’s Saigon Center, Takashimaya takes up a whole five floors making it by far the nation’s largest department store – and likely its most […]

Tag: Skinfood

Time for South Korean cosmetics to face challenges

Korean cosmetics firms suffer losses in Q3

Korea’s Skinfood getting close to bankruptcy

These 13 Korean Beauty Products Are Being Recalled From The Market

Innisfree Vietnam marks maiden store

Takashimaya Vietnam opens doors