Industry Dynamics
With the increase of residents' income, the increase of urbanization rate and the change of the concept of cosmetic consumption, cosmetics are becoming the rigid demand of consumers. According to the State Drug Administration disclosed that, at present, China has become the world's second largest cosmetics consumer market. “ Qichacha”data shows that there are currently 9.11 million cosmetics-related enterprises in China, 2.77 million new registered enterprises in 2020, an increase of 12% year-on-year, of which 827,000 new registrations in the fourth quarter. In terms of regional distribution, Guangdong Province currently ranks first with 948,000 enterprises, while Shandong and Fujian rank second and third. Registrations in 2020 increased by 12% year-on-year, with 827,000 new registrations in the fourth quarter.
Zhangzhou City, Fujian Health Committee official website issued "on the "Oai antibacterial cream" incident investigation and disposal progress, to inform the "Oai antibacterial cream" incident investigation and disposal progress: by the testing qualification of third-party agencies testing, has confirmed the recall of the products involved in the "Yi Fu Ling multi-effect special antibacterial cream" and "Happy Forest baby skin antibacterial cream" (both products are: Fujian Oai Baby Health Care Products Co., Ltd.) containing chlorpyrus propylate (glucoticoids), enterprises suspected of production, Sell fake and inferior products. The health department where the enterprise is located has transferred the relevant clues to the public security organs. The public security organs have summoned the main persons involved in the case.
On January 14, Shanghai Yixian Cosmetics Co., Ltd. was established, with a registered capital of 100 million yuan, and its legal representative is Jiang Zhongmei, which covers cosmetics production, import and export of goods, and import and export of technology. According to the equity penetration chart, the company is jointly controlled by Shanghai Yuchen Cosmetics Co., Ltd. and Guangzhou Yixian E-Commerce Co., Ltd. (Perfect Diary Associates), with 65% and 35% stakes, respectively.
Brand Finance, the UK's brand-assessment agency, recently released its list of the world's 50 most valuable cosmetics and personal care brands (COSMETIC 50 2020) in 2020, PECHOIN ranked 19th on the list, up four places from its first ranking in 2019.
On January 18, Geoskincare began its campaign sponsoring first shot in
2021.
Following last year's annual event "2020 Dou in city future ceremony", Geoskincare, together with the industry's well-known MCN institutions Hangzhou Yifan e-commerce co., Ltd., once again as the overall title of the "modern is the future · super red party" event site, bringing a marketing masterpiece for people.
In late 2020, Geoskincare announced the brand's official entry into Sanya Sea Travel Duty Free City, is not only another "big move" for the brand to be decentralized online, but also represents the strategic layout of Geoskincare, which is making great implementation of globalization. It is reported that the Geoskincare has been laid out in Malaysia, Australia, Germany, Singapore, Canada, Vietnam, Russia, Japan and other markets. Among them, Geoskincare has adopted a self-employed model in Singapore, Malaysia, Hong Kong, Taiwan and has obtained Watson's global outlets pass, and is accelerating the layout of duty-free shop channels.
Qichacha app shows that Xuzhou PROYA Information Technology Co., Ltd. was established on January 19, with registered capital of 2 million yuan, and the legal representative is Jin Yanhua. The scope of business includes the design and production of pictures, video and video production services, conference and exhibition services, business agent agency services, brand management, consulting and planning services, financial consulting, human resources services. The company is wholly owned by PROYA (603605), according to the company.
Recently, a source revealed that Chanel skin care products will have rising prices on February 19. The original price of 435 yuan of camellia face wash will rise to 460 yuan, the price was 420 yuan a year ago. Not just Chanel, it's understood that high-end beauty brands such as La Mer, Estee Lauder, Tom Ford, Jo Malone and Guerlain are also rumoured to be on the rise. Related price increase information in the “small red book” and other platforms have been fermented, some industry insiders have also expressed the possibility of price increases.
International Group Dynamics
L'Oreal appointed Blanca Juti as chief public relations and public affairs officer, who will take up his post on April 1st and join the L'Oreal Group's executive committee. Blanca Juti is understood to have been Heine heineer's chief corporate affairs officer since 2016, after joining Nokia in 1998 to head corporate communications in Latin America, before being appointed head of investor relations for the group. Subsequently, she served as Vice President of Global Operator Customers, overseeing each region, and serviced as vice president of marketing.
L'Oreal said Blanca Juti has more than 25 years of experience in consumer-oriented industries such as technology, entertainment and food and beverage, a proven track record in marketing and branding, and expertise in all aspects of communications and public affairs, recognized by markets such as Europe, the United States, Latin America, Asia and Africa.
On the evening of January 20, Procter and Gamble released its fourth quarter 2020 fiscal year (October-December 2020). David Taylor, chairman, president and chief executive of Procter and Gamble, said: "We have achieved strong quarterly results on all key indicators- earnings and cash. "Financial results show that between October 1 and December 30, 2020, P&G sales were US$19,745 million (RMB127.7 billion), up 8% year-on-year, and organic sales were up 8% excluding the net impact of foreign exchange, acquisitions and divestitures. Net profit was $3.887 billion ($25.1 billion), up 4% year-on-year.
On January 20, Sasa International released its 2020 third quarter (October 1 to December 31, 2020) results. In the third quarter, Sasa International's turnover reached HK$938 million (RMB780 million), down 36.4% year-on-year and up 34.8% month-on-month, according to the report. In the first three quarters (ending December 31, 2020), Sasa International achieved revenue of HK$2.224 billion (RMB1.86 billion), a decrease of 54.3%.