Industry News
On March 2, Perfect Diary’s parent company Yixian E-commerce officially announced that it had reached a final agreement with Manzanita Capital to acquire the latter’s high-end skin care brand Eve Lom. After the completion of the acquisition, Manzanita will retain a minority stake in the business and continue to participate in the development of Eve Lom as a strategic partner. The acquisition is expected to be completed in the next few weeks.
On February 28, Youzan Technology Co., Ltd. (hereinafter referred to as Youzan Technology) submitted a prospectus to the Hong Kong Stock Exchange, preparing to list on the main board of the Hong Kong Stock Exchange. As the largest cloud business service provider in China, Youzan Technology used to backdoor the original China Innovation Payment (HK:08083) on the Hong Kong Stock Exchange and changed its Chinese stock abbreviation from "China Innovation Payment" to "China Youzan" in 2018, Youzan was awarded the title of "WeChat E-commerce First Share".
Recently, Proya gathers cutting-edge technology to launch a new repair series “Yuanli Repair Essence“ (full name： Muscle Repair Superior Essence), which revolutionizes the definition of skin repair.
On February 25, Mistine officially announced that Meng Meiqi, a popular domestic singer and actor, will serve as the brand's sunscreen spokesperson, and has launched a new and upgraded “sunscreen family series”. The official announcement was based on the theme of "chasing light with love", and the new version of TVC was released simultaneously. It is understood that Mistine deliberately chose the time node of February 25th (the fifth anniversary of Meng Meiqi’s debut) to release, so that fans immediately have a high sense of belonging, which inspires enthusiasm for communication; it received nearly 220,000 reposts within one hour after the official announcement，and quickly occupied the hot search list and open screen, thus accumulating the first wave of reputation and volume.
On February 24, Becca's official website issued a notice stating that due to the epidemic Covid-19, the brand will stop selling in September this year. This news has also been confirmed by its parent company Estee Lauder Group. On the same day, the Estée Lauder Group officially issued a message saying that in the face of the dual challenges of the Covid-19 and the market environment, the distribution of Becca products is limited, and the group has decided to withdraw from the global distribution of Becca products.
According to the China Securities Regulatory Commission, HANAJIRUSHI’s parent company, Beijing Longhe Longsheng Biotechnology Co., Ltd., has signed a listing guidance agreement with CITIC Securities. It is planned to be listed on the Growth Enterprise Market of Shenzhen Stock Exchange.
On February 26, the official website of the China Securities Regulatory Commission disclosed the basic situation for counseling and filing of Shanghai Shangmei Cosmetics Co., Ltd. (hereinafter referred to as "Shangmei"). The supplementary record of the basic situation table shows that Shangmei has signed a counseling agreement with CITIC Securities Co., Ltd., and officially launched A-share listing process.
On March 3, Shanghai Jahwa and Tmall Innovation Center (TMIC), a subsidiary of Alibaba Group, held the "In-depth Cooperation Signing Ceremony between Shanghai Jahwa and Tmall New Product Innovation Center" at the company’s Qingpu cross-over plant. Pan Qiusheng, Chairman and CEO of Shanghai Jahwa, and Jia Luo, vice president of Alibaba Group, formally signed an in-depth cooperation agreement, and unveiled the C2B innovation factory jointly built by both parties. The leaders of Shanghai Jahwa and Tmall New Product Innovation Center and the person in charge attended the event together.
On March 1, Tmall platform issued a public notice on the new Tmall sample product release specification (hereinafter referred to as the "specification"). This specification clarifies the definition, classification, and product release specifications of samples. It will come into effect officially on March 8. This is the first time that Tmall has issued clear and uniform specifications for sample products.
International Group News
On the evening of March 4th, at the global media communication meeting "Product Beauty Research" held by L'Oréal Group, Nicolas Hieronimus, the Executive General Manager of L'Oréal Group, conveyed the group's vision for the future of beauty: Open & Transparent, Safe & Secure , Green & Scientific. By 2030, L'Oréal’s goal is to ensure that 95% of the raw materials come from biological resources, rich minerals or recycling processes, and 100% of the formulations are evaluated by the environmental testing platform to ensure that they will not cause damage to the diversity of coastal and freshwater aquatic ecosystems.
Trends of cosmetic chain stores and imported high-end supermarkets
According to Caijing.com, Sephora will expand its largest store in history in the United States, including the opening of 200 new stores in Keer Department Store and the opening of over 60 independent stores. Sephora said that in the retail market dominated by e-commerce, this move shows its confidence in the future of the physical shopping experience.
The Latest policy
In order to implement the "Administrative Measures for the Registration and Filing of Cosmetics", standardize and guide the registration and filing of new cosmetic raw materials, cosmetics, the State Food and Drug Administration successively issued the "Regulations on the Administration of the Registration and Filing of New Cosmetic Materials" on March 4 Announcement (No. 31 of 2021)” and “Announcement on the issuance of the “Regulations on the Administration of Cosmetics Registration and Filing Documents” (No. 32 of 2021)”, the two major management regulations will come into effect on May 1, 2021.
Among them, the "Regulations on the Administration of Cosmetics Registration and Filing Documents" shows that the manufacturers of ordinary cosmetics have obtained the relevant qualification certification of the production quality management system issued by the competent government department of the country (region), and the product safety risk assessment results can fully confirm the safety of the product. It is exempt from submitting the toxicology test report of the product, except in the following circumstances:
1. The product claims to be used by infants and children;
2. The product uses new cosmetic raw materials which under safety monitoring;
3. According to the quantitative grading and scoring results, the filing person, the domestic responsible person, and the production enterprise are listed as key supervision objects.
If there are multiple production enterprises, all production enterprises that have obtained the relevant qualification certification of the production quality management system issued by the competent government department of the country (region) are exempted from submitting the toxicology test report.