Retail channels
On January 3, MINISO said it would open 60 new stores in India in 2023, including 10 in December last year, and expects to have more than 220 stores in India by the end of this year, 16 of which are located in Mumbai.
On January 9, a bankruptcy petition by Hong Kong-based beauty retail giant Bonjour Yip Chun Heng was filed in the Hong Kong High Court, and the judge formally ordered Yip Chun Heng to go bankrupt. During the same period, Bonjour Holdings' subsidiary Hop Hong Leong Limited (formerly known as Bonjour Cosmetics Wholesale Centre Limited) was also formally ordered to be wound up.
Authoritative release
A few days ago, the State Food and Drug Administration issued an announcement on the Implementation of the Provisions on the Supervision and Administration of Enterprises' Responsibility for Quality and Safety of Cosmetics (hereinafter referred to as the Provisions). The Provisions consist of 33 articles in 5 chapters, which further standardize the responsibility supervision of cosmetics quality and safety subjects, and refine the job responsibilities, employment conditions and assessment system of quality and safety leaders. According to the announcement, the Provisions will come into force on March 1, 2023.
Brands and industries
On December 30, Shanghai Shangmei Cosmetics Co., Ltd. added an investment enterprise, Shanghai Shangxin Cosmetics Co., Ltd., with an investment ratio of 49%.
A few days ago, the Chongqing Municipal Food and Drug Administration issued the "Notice on 7 Batches of Non-Conforming Cosmetics". In the list of notified enterprises, the total number of colonies of "DR PLANT Purple Ganoderma lucidum Multi-Action Anti-Aging Cleanser" of Plant Doctor (Guangdong) Biotechnology Co., Ltd. exceeded the standard by 21 times.
Recently, the overseas flagship store of the American beauty brand Huda Beauty Tmall, founded in 2018 by beauty blogger Huda Kattan, has quietly closed, and only the Tmall overseas flagship stores of overseas beauty retailers such as Fragrancenet and Feelunique continue to sell some of the brand's products.
Recently, Honasa Consumer, the parent company of Indian DTC mother and baby personal care brand Mamaearth, has recently submitted a draft IPO prospectus and applied for an initial public offering (IPO).
On January 3, Hong Kong-listed Zhongda Group Holdings issued a Voluntary Announcement of Strategic Cooperation Framework Agreement, stating that its wholly-owned subsidiary, Shenzhen Zhongda Enterprise Consulting Co., Ltd., and Guangzhou Jiafan E-Commerce Co., Ltd. signed a strategic cooperation framework agreement on jointly investing in the establishment of a limited liability company. It is understood that Guangzhou Jiafan is a member of the Guerlain Jiaren Commercial Group Company Group. Zhongda Group is mainly engaged in securities and futures trading business, financial investment and lending business.
According to the announcement, the holding joint venture will be committed to building celebrity branding, that is, tailoring their own beauty and skin care brands for traffic anchors and celebrities.
According to the national enterprise credit information publicity system, a company wholly-owned by Mao Geping Cosmetics Co., Ltd. - Hangzhou Xingyi Equity Investment Co., Ltd. was established a few days ago. The registered capital of the company is 100 million yuan, the legal representative is Mao Niping, and the business scope includes equity investment.
Recently, the China Securities Regulatory Commission (CSRC) issued the "Report on the Initial Public Offering and Listing of Lanshu Cosmetics Co., Ltd.", and the guidance institution is CITIC Securities.
Recently, Jianzhijia Pharmaceutical Chain Group Co., Ltd. plans to increase its capital to Beijing Tongrentang Meierhai Biotechnology Co., Ltd. by no less than 33.345 million yuan, acquire 25% of the equity of Marhai, and carry out follow-up long-term cooperative relations.
Recently, Nanjing Xuankai Biotechnology Co., Ltd. submitted an IPO and listing prospectus (application draft) on the Science and Technology Innovation Board, intending to sprint to IPO on the Science and Technology Innovation Board. The proposed public offering of shares shall not exceed 36.1 million shares of the company, which shall not be less than 25% of the total share capital after the issuance.
Recently, the NYSE informed The Onion Group that it has decided to initiate proceedings to delist The Onion Group's American Depositary Shares and that the company's ADSs will immediately suspend trading. The NYSE regulator decided to delist Onion Group's ADSs because Onion Group was below the NYSE's continued listing standards.
Recently, the well-known French sensitive skin care brand Uraige closed the brand Tmall flagship store without warning, and the current Tmall platform shows that "no store found", it is reported that the Tmall store had 1.35 million fans before the shutdown.
A few days ago, Morphe, a major online celebrity beauty brand, announced that it plans to close all its stores in the United States, and in the future, it will only sell through e-commerce websites and beauty retailer Ulta Beauty.
At the end of 2022, organized by the Shanghai Daily Chemicals Industry Association and led by Shanghai Jahwa United Co., Ltd., a group standard was jointly formulated and released - "Cosmetic raw materials Artemisia annua (Artemisia annua) extract (water/alcohol extract)". This is the first group standard for Artemisia annua extract in China, which stipulates the requirements, test methods, inspection rules, packaging, marking, transportation and storage, shelf life, etc., of Artemisia annua extract for cosmetics, and establishes liquid chromatography detection methods.
In recent years, the makeup track has continued to slow down. In a survey of department store channels in 51 cities across the country, market consultancy GfK found that as of April last year, the total number of cosmetics counters had decreased from 15,415 in March 2019 to 11,365, and 4,050 counters had disappeared in four years.
Recently, according to the latest report of data and analysis company GlobalData, as people's work and daily life gradually return to normal, the size of China's color cosmetics market is expected to grow at a compound annual growth rate of 7.4% to 11.7 billion US dollars in 2026, about 80 billion yuan, and China's per capita makeup expenditure will also increase from 1.2 US dollars in 2016 to 4.1 US dollars, about 8 yuan to 28 yuan.
Recently, Bloomage Biotechnology (Anhui) Co., Ltd. was established, the legal representative is Song Jilei, the registered capital is 10 million yuan, and the business scope includes cosmetics production; Class II medical device production; health food production; production of hygiene products and single-use medical supplies; Class III medical device production; Class III medical device business, etc.
On January 11, Covestro announced its 2022 annual performance forecast, and the net profit attributable to shareholders of listed companies is expected to increase by 170.95%-201.05% year-on-year, to 360 million yuan to 400 million yuan.
A few days ago, beauty care brand Glowbar received $10 million in its Series A financing, led by Peterson Partners, followed by Allbirds, Bonobos and others.
On January 11, the State Food and Drug Administration issued a notice on the detection of 8 batches of banned raw materials in cosmetics, labeling 8 batches of cosmetics such as Yayan Duomei acne essence produced by Guangzhou Mingquan Biotechnology Co., Ltd., and detecting prohibited raw materials specified in the "Cosmetics Safety and Technical Specifications (2015 Edition)".
Recently, donkey oil, azelaic acid monoamide propyl dimethylamine, dihydrogen oat alkaloid D potassium three new raw materials completed the record.
Recently, Orbis, an additive-free brand under Japan's Pola Group, announced that it will launch an anti-aging brand Orbis Amber created for 60-year-old women.
According to news, London-based luxury beauty brand "111SKIN" signed an exclusive omni-channel cooperation agreement with USHOPAL, a Chinese omni-channel high-end beauty brand group, on December 22. After the cooperation is reached, 111SKIN will launch a fully upgraded online store that will be available in all BC Premium Premium Beauty Collection stores in 2023.
On January 5, brand management company Starco Brands reached a definitive acquisition agreement with pure fragrance brand "Skylar".
According to user monitoring data, Taobao Tmall platform eye makeup achieved a total performance of 8.17 billion yuan in 2021, down nearly 2.22% from the growth rate in 2020, becoming the first negative growth year in the past four years. From November 2021 to October 2022, the eye makeup market achieved a total turnover of more than 8.31 billion yuan, of which Taobao and Tmall accounted for the highest proportion, and the total sales contribution accounted for 83%.
In addition, it is worth noting that in October 2022, Tmall Global eye makeup sales increased by more than 93.49% year-on-year, which shows that at a time when international and domestic consumption is becoming increasingly dual-cycle and convenient, Tmall Global with strong international resources has become the best choice for more consumers.
Recently, Johnson & Johnson's brand Neutrogena announced a partnership with Nourished, a fast-growing personalized supplement company, to formulate SkinStacks, a vegan sugar-free gummy product to further meet consumers' unique skin needs.
E-commerce platforms
On December 29, the technology media The Information, citing people familiar with the matter, reported that a number of US-listed Chinese technology companies, including Pinduoduo and Manbang, have shelved or cancelled negotiations on listing in Hong Kong.
Recently, Vipshop launched overseas projects in Southeast Asia, and the official website "vipshop.sg" and APP have been launched simultaneously.
According to the official website, VIPSHOP Singapore Pte. Ltd. is Vipshop's official headquarters in Southeast Asia.
News on January 10, some media reported that "Tiktok's total e-commerce transactions reached 1.41 trillion yuan last year" caused heated discussions. According to the news, ByteDance's Tiktok platform reached US$208 billion (about 1.41 trillion yuan) in e-commerce transactions (GMV) last year, an increase of 76% over 2021. ByteDance's TikTok platform more than tripled GMV in Southeast Asia last year to $4.4 billion. The rumors involve the part of Tiktok e-commerce, and the relevant person in charge of Tiktok e-commerce said that this is false news.
On January 5, Little Red Book has been testing the new feature "Group Chat Square", and in the form of a double waterfall of the Little Red Book discovery page, it is recommended to link notes to Little Red Book group chat. The path of the group chat square is: the icon in the upper right corner of the message → → the group chat square, which contains two columns: this week's recommendation and interest group chat, the former of which is 5 group chats screened and recommended by Little Red Book, and the latter is personalized recommendation based on user data, including 20 categories such as fashion, emotion, and beauty.
News on January 4, in order to promote economic and social recovery and accelerate development, stabilize employment and promote entrepreneurship, from now on, Jingdong released the "Spring Morning Plan" for all kinds of merchants, including 12 support policies such as providing natural persons with fast entry channels, "0 yuan trial operation", and 2,100 yuan "new store gift package", increasing support for merchants and reducing the burden and increasing income for businesses.
International conglomerates
Recently, L'Oréal Group revealed two new beauty technologies: Hapta and L'Oréal Brow Magic at the recent 2023 Las Consumer Electronics Show (CES), mainly hoping to help people achieve beauty results that cannot be achieved with bare hands.
Reuters news, a few days ago Johnson & Johnson submitted its consumer health business Kenvue application as an independent company listing plan, after the listing, Johnson & Johnson will continue to hold at least 80.1% of the company's shares voting rights, Goldman Sachs and JPMorgan Chase as the underwriters of the offering, the proposed share sale terms will be disclosed in a later document. According to the financial report, in fiscal 2021, Kenvue's net sales were 15.1 billion US dollars (about 104.536 billion yuan); in the first three quarters of fiscal year ended October 2, 2022, its revenue reached 79.987 billion.
On January 11, consumer goods giant Procter & Gamble announced that it would acquire hairdressing brand Mielle Organics, the specific amount of which was not disclosed. Upon completion of the transaction, Mielle Organics will operate as a separate division of Procter & Gamble and will continue to be led by co-founders Monique and Melvin Rodriguez.
On January 10, U.S. packaging maker GPA Global said it had acquired Cosfibel Group, a France-based luxury promotional packaging manufacturer and provider of merchandising solutions, a move that gave U.S.-based GPA Global a broader foothold in Europe and further established itself as a global leader in luxury packaging.
Tax Free Dynamics
Haikou Customs released data on the evening of the 3rd, saying that during the 2023 New Year's Day holiday, the average daily sales amount of duty-free islands in Hainan reached 140 million yuan. According to the customs, from December 31, 2022 to January 2, 2023, the customs supervised a total of 422 million yuan of duty-free shopping on outlying islands, 43,000 shopping tourists and 476,000 pieces. The per capita shopping amount was 9,816 yuan, recovering to the level of the same period last year.