China’s large and rapidly growing cosmetics market continues to attract South Korean cosmetics companies. The popularity of Korean cosmetics as a duty free purchase among Chinese tourists visiting Korea, the popularity of Korean popular culture and the presence of Korean brands already in China all help in creating new opportunities for Korean beauty players.
Coreana to move into China
The South Korean cosmetics company is looking to manufacture and distribute brands in China
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Finance
Malin + Goetz closes all UK stores with immediate effect as UK business files for administration
Malin + Goetz’s range of body care, skin care and fragrance will continue to be available in the UK via third-parties, but the US beauty brand will no longer have its own retail footprint or head office in the country, resulting in the loss of 72 jobs
Manufacturing
Low Volume, High Mix manufacturing: The smarter way to build beauty brands
As beauty and wellness brands face rising costs, regulatory complexity, and increasing pressure to avoid overproduction, Low Volume, High Mix (LVHM) cosmetic manufacturing is fast becoming a commercial necessity