February 2024

Global Cosmetics News

Procter & Gamble has revealed that its SK-II brand saw sales dive 34 percent in the three months to December 31, 2023. However, the US FMCG giant was quick to point out that its premium skin care brand has bounced back from a similar slump before and is expected to do so again. Indeed, sales look set to recover this quarter, P&G CFO, Andre Schulten told investors on the company’s earnings call.

Global Cosmetics News

Kao has launched its Molton Brown brand onto the Malaysian market with the opening of a flagship store in the Exchange TRX Mall, Kuala Lumpur. Molton Brown plans to expand its presence in the country through various channels this year, including the launch of an e-commerce site, and its luxury hotel amenities business. The move is part of Kao’s wider Global Sharp Top Strategy to significantly expand its beauty brands beyond their current core markets.

Global Cosmetics News

Benefit is withdrawing from three of China’s biggest e-commerce platforms. The LVMH-owned brand will no longer be sold via Tmall, JD.com or Douyin but will continue to be stocked in Sephora stores nationwide. According to a report published by the Business of Fashion, the brand has some 2.5 million followers across the three platforms.

Business World

The Philippines is among the top three most favorable markets for established consumer brands as traditional trade dominates the retail space, according to a report by Bain & Co. In a report, the consultancy firm said Malaysia, India, and the Philippines were the top three most favorable markets for incumbent consumer product brands. Meanwhile, South Korea, Singapore, and China were most favorable for rising consumer brands. “The trend could be linked to the channel dynamics across markets.

Bangkokpost.com

A smoking cessation drug, Cytisine, has been included in Thailand’s list of essential medicines. The Food and Drug Administration (FDA) aims to make the drug accessible to all who need help quitting smoking, to cut the risk of lung cancer.

CosmeticsDesign – Asia

We round up the latest beauty innovations and developments from made-in-Asia beauty brands, including LG H&H, Pola Orbis, Scent Journer and more.