
Japanese cosmetics giant Shiseido, a brand highly dependent on the Asian market and Chinese tourists, has seen its financial results collapse in the first quarter of 2020 due to coronavirus.
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Japanese cosmetics giant Shiseido, a brand highly dependent on the Asian market and Chinese tourists, has seen its financial results collapse in the first quarter of 2020 due to coronavirus.
The brand general manager of Parfums Christian Dior is succeeding Laurent Boillot as head of Guerlain at the beginning of November. According to AFP, Boillot will take over at cognac brand Hennessy in 2020.
Isabelle Gex, Shiseido's president of global fragrances and an expert in perfumery, exchanges views with Godfrey Deeny in this LuxurynsightXFashionNetwork podcast episode.
Alibaba Group Holding Ltd will buy e-commerce business Kaola from Chinese gaming company NetEase Inc for $2 billion, adding a platform that specializes in supplying luxury goods from abroad to Chinese consumers.
The Japanese cosmetics giant said net sales, operating profit and net profit all reached record highs last year, fuelled by its growing Chinese and travel retail businesses.
Johnson & Johnson, L’Oreal and others have splashed out on cutting-edge cosmetics in Japan and Korea, seeking clout and innovation. But local beauty brands like Shiseido and Amorepacific could still reverse the trend.
Sales growth at Maybelline parent L’Oreal picked up pace in the third quarter, driven by booming demand in Asia, especially for skincare treatments such as anti-ageing creams.
According to FashionNetwork sources, the French label will show again in Paris after three seasons in New York, marking the launch on September 29 of a new fragrance created with Shiseido.
The Japanese cosmetics group has appointed Isabelle Gex as President of its fragrance division, a new post which emphasises Shiseido’s ambitions on the international fragrance market.
Perfect Corps.’ makeup try-on app picked up Google Play’s “Editors’ Choice” approval this Wednesday, along with selfie editing app YouCam Perfect, cementing AR and AI technology’s position in the beauty industry.