Coty has raised its fiscal year 2023 performance guidance, expecting a year-on-year revenue growth of 10% to 11%. Its Prestige segment now accounts for over 60% of its revenue. Coty has revised its Q4 and full fiscal year 2023 guidance, anticipating a year-on-year revenue growth of 10% to 11% for fiscal year 2023. The company’s …
High-end Beauty: the New Battlefield for Luxury Giants Read More »
Shiseido said the partnership will be dedicated to the development and mass production of raw materials for cosmetics and cosmetic packaging, accelerating resource-cycling-based manufacturing. Today (July 11), Shiseido announced on its official website that it has invested in biotechnology company CHITOSE Group-led MATSURI project* and signed a strategic cooperation agreement, which aims to build a …
Shiseido Invests 1Bn Yen in Algae Biotech Company Read More »
Oddity said it expects net proceeds of about $41 million from the IPO, which it plans to use for the development and launch of new brands, working capital. On July 10, Oddity, the parent company of makeup brand Il Makiage, said it will make a US initial public offering (IPO) valuing the company at up …
Beauty Company Chased by LVMH Funds Launches IPO Valued at $1.7B Read More »
It has been reported that SaSa China has been fined for selling unregistered imported special-purpose cosmetics. Recently, the Shanghai Changning District Market Supervision Administration made public an administrative penalty letter against SaSa Cosmetics (China) Co.(SaSa China) (Credit: from Shanghai Changning District Market Supervision Administration) According to the penalty letter, on June 3, 2021, the Shanghai …
It is reported that the scientific research team led by Fan Daidi broke through the scientific and technological research bottleneck of recombinant collagen and achieved success, which is known as the mother of “human-like collagen”. Yesterday (July 10), “China’s first recombinant collagen stock” Giant Biogene released a personnel change, executive director Ms. Fan Daidi has …
Industry sources estimate that the business achieved turnover of about $40 million worldwide. According to the official news of Inter Parfums Inc., the company signed worldwide fragrance license for Roberto Cavalli, which was previously held by the Coty Group., which came into effect on July 6, the specific terms of the deal were not disclosed. …
Previously Held by Coty, Roberto Cavalli’s Global Fragrance License Changes Hands Read More »
Insights into Chinese Beauty Industry
