Weekly News-20230922
Pierre Fabre Invests in MiYé, A Skincare Brand Focused on Hormonal Balance
On September 20th, Pierre Fabre, the parent company of Avène, announced the acquisition of a stake in MiYé, a startup specializing in women’s hormonal balance and health.
Coty Raises Revenue Estimates for Fourth Time This Year
On September 20th, Coty announced an increase in its performance expectations for the first half and full year of fiscal year 2024. It is worth noting that this is the fourth time Coty has raised its performance expectations since February of this year.
Unilever Plans to Sell Non-core Beauty and Personal Care Brands
On September 21, according to informed sources cited by FashionNetwork, Unilever hired investment banks Morgan Stanley and Evercore Inc. to sell a range of non-core beauty and personal care brands, including Q-Tips and Impulse.
With Market Size Reaching 25.57 Billion yuan by 2025, Inner Beauty Becomes Popular in China
Shiseido announced that it will launch a new brand called SHISEIDO BEAUTY WELLNESS (“SBW”) in February 2024, marking its full-scale entry into the inner beauty business. SBW will serve as Shiseido’s first foray into the health sector, to help individuals pursue their unique beauty and wellness. Shiseido stated that starting in 2025, SBW products will be available in Asian markets, including China.
Bloomage Biotech to Focus on Recombinant Human Collagen Raw Materials
On September 19th, Bloomage Biotech stated in its investor relations activity record that the company currently has 7-8 ongoing research projects on collagen. They have successfully achieved the production of recombinant collagen with large molecules and launched the market for recombinant Type III human collagen raw material products in August. The next step will be to steadily advance the application of self-produced recombinant human collagen raw materials in skincare products.
L’Oréal Enforces for Refusing to Publicly Admit Wrongdoing
Recently, LVMH Fragrance Brands (Shanghai) Co., Ltd. (referred to as “LVMH”) has applied for compulsory enforcement to the Shanghai High People’s Court against L’Oréal (China) Co., Ltd. (referred to as “L’Oréal”) for its failure to fulfill the obligations stated in the court verdict, which required the company to “publicly publish a statement on its official website and homepage on Chinese social media Weibo for 15 consecutive days to eliminate the impact.”
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Interparfums Appoints Gerard Kappauf to the Board of Directors
Interparfums has announced significant changes to its board of directors, including the appointment of Gerard Kappauf as an independent director. This comes alongside the departure of long-serving directors Michel Dyens and Patrick Cho?l. As a result, the board size has been reduced to nine members, with five designated as independent directors.
Shiseido Embarks on a Comprehensive Inner Beauty Venture
On September 20th, Shiseido Company, Limited (Shiseido) announced the launch of its brand “SHISEIDO BEAUTY WELLNESS” (SBW), marking the start of a new journey into the wellness business sector with the full-scale operation of its Inner Beauty business.SBW is scheduled to be released in February 2024 and aims to help individuals pursue their unique beauty and health aspirations.
Elliott Advisors, Parent Company of Leading Bookstore Chain Waterstones, Bids for The Body Shop
On September 19th, according to media reports, Elliott Advisors, the parent company of British book retailer Waterstones, made indicative bids for The Body Shop in the past few weeks. It is currently uncertain whether Elliott is still pursuing the acquisition of the chain store.
3 in 15 Days, LVMH Fund Invests in Another Skincare Brand
On September 19th, according to Business of Fashion, L Catterton, a private equity firm under LVMH, is acquiring a minority stake in the luxury skincare brand Eighth Day through its platform, Elevate Beauty. This investment will help the brand expand its management team, diversify its product offerings, and strengthen its global influence.
Kecia L. Steelman Promoted to President and COO of Ulta Beauty
Ulta Beauty, a leading beauty retailer, has promoted Kecia L. Steelman to the position of President alongside her role as Chief Operating Officer. Steelman, who is highly regarded in the industry and seen as a potential successor to CEO Dave Kimbell, will now have expanded responsibilities within the company.
First Stock Focused on Beauty Venture Capital is On Its Way!
On September 17, Shenzhen Tiantu Capital Co., Ltd. conducted a hearing for its listing on the Hong Kong Stock Exchange. It is worth mentioning that Tiantu Capital is not only the first mainland private equity (PE) institution to go public in Hong Kong but may also become the first cross-listed venture capital institution between the “New Third Board” and the Hong Kong stock market.