As global brands face headwinds in China, L’Oréal and Shiseido are betting on new investment funds targeting C-beauty companies to sustain growth.
Its China subsidiary is looking for investment opportunities in emerging cosmetics and wellness brands.
Though thousands of brands crowded into the country’s largest mid-year shopping festival in June, Shiseido, Lancôme, Estée Lauder, L’Oréal and Yves
The Japanese beauty behemoth recently sold its personal care division to investment fund CVC Capital Partners.
Gee, who has been the chief financial officer for Shiseido Americas since 2016, will be responsible for Shiseido’s Americas-based brands, including Drunk Elephant and Laura Mercier, effective July 1.
The company said its 14 million net loss was mainly due to the partial termination of its deal with Dolce and Gabbana.
Changes will be effective from December 31st in all markets except France.
Video calls are pushing a growing number of Japanese businessmen to pay attention to their skincare and makeup, Shiseido officials told the
Just six weeks after Estée Lauder announced it would shutter makeup line Becca, the beauty giant said it would also close Rodin Olio Lusso. Shiseido and LVMH’s Kendo are rethinking their portfolios, too.
The Japanese beauty company reported a net loss of 11.7 billion yen ($111.8 million) in 2020, weighed down by the impact of the coronavirus crisis.
This week, it was announced that Larsson will take the helm from Manny Chirico in February, while Patagonia named Rose Marcario’s successor.
This week, Macy’s veteran Jennifer Johnson is promoted to director of ready-to-wear, while Vanity Fair appoints Nicole Chapoteau to fashion director.