The post-pandemic awareness for health and well-being has “opened new doors” for traditional Chinese medicine-beauty brand Botanic Pretti5 to expand into the US and Singapore.
Despite the Chinese market proving tough for some of LVMH's brands, the luxury goods firm reported a 6 per cent increase in its perfumes and cosmetics division.
The global cosmetics player has appointed a new president, JuE Wong, effective August 3th, and has also signed an agreement with prestige beauty distributor Luxasia Ventures as it sets its sights on Southeast Asia expansion.
Big changes are afoot in China for cosmetics regulation, but how far changes in animal testing will go remains to be seen, says Simon Chan, executive director of the Hong Kong Cosmetic Technical Resources Centre.
A ‘buoyant’ performance in Hong Kong and Macau and strong online sales helped Hong Kong-based cosmetics retailer Sa Sa deliver a 2009 annual turnover of HK$4.1bn (€430m), up 13.9 per cent on the previous year.
French cosmetics player L'Occitane says its recent IPO has helped it to raise HK$5.5bn (€553m) as part of efforts to target expansion in the fast growing China market.
An IPO for leading China hair care BaWang has triggered investor interest that saw shares traded at the top end of forecasts, raising €152m for the company.
UK capsule brand, Taxi Cosmetics, has launched its 'passengers'
colour cosmetics range in the Japanese market, marking the start of
a campaign to increase the company's presence in Asia.
![Botanic Pretti5 targets US, Singapore expansion. [Pretti5]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/botanic-pretti5-eyes-us-singapore-expansion-on-the-back-of-global-interest-in-tcm/16601874-1-eng-GB/Botanic-Pretti5-eyes-US-Singapore-expansion-on-the-back-of-global-interest-in-TCM.jpg)
