Edinburgh Chamber of Commerce - International Connections’ Post

We are always 𝐬𝐞𝐞𝐤𝐢𝐧𝐠 to establish 𝐩𝐚𝐫𝐭𝐧𝐞𝐫𝐬𝐡𝐢𝐩𝐬 with brands and distributors. Let’s create a bright future together with our strong sales network and financial strength. Weekly Beauty Industry Insights: Top 5 Stories You Need to Know! 💄✨ 1. US Beauty Market Growth Continues in Q1 2024 📈 Despite a slowdown, the US beauty industry shows resilience with prestige sales up 9% and mass market up 2%. Fragrance leads in prestige, growing 13% with gift sets surging 22%. Skincare shines in both sectors, especially body sprays and face serums. Makeup sees softer growth but remains the largest prestige category, with lip products up 26%. Prestige hair care maintains double-digit growth, with celebrity brands soaring 64%! 2. L'Oréal Travel Retail Asia Pacific Announces New Leadership 🌏 Big changes at L'Oréal as Tao Zhang steps down as Managing Director of Travel Retail Asia Pacific. Jesus Abia takes the helm from July 1, bringing 14 years of L'Oréal experience across various markets. This transition marks an exciting new chapter for the company's travel retail division in the dynamic Asia Pacific region. 3. L'Occitane Group Appoints New APAC Travel Retail Leader 🛫 Green Yip joins L'Occitane as Regional Managing Director for Travel Retail in Asia-Pacific. With 15 years of experience at beauty giants like Estee Lauder and LVMH, Yip is set to drive L'Occitane's growth in sustainable beauty and wellness. This strategic move aims to enhance the company's presence in the booming APAC travel retail market. 4. Fenty Beauty's "Double Glossing" Takes TikTok by Storm 👄 Rihanna's beauty brand sparks a viral trend with its "double glossing" technique. This two-step lip routine promises fuller-looking lips without Botox, combining lip oil and gloss for long-lasting shine. With millions of views and influencer endorsements, it's the latest in a series of natural lip-plumping hacks captivating social media. 5. Beiersdorf Faces Challenges in Chinese Luxury Skincare Market 🇨🇳 Beiersdorf CEO Vincent Warnery reports a tough landscape in China's luxury skincare sector. Despite growing market share for their La Prairie brand, the company anticipates a difficult Q2 following a challenging Q1. This insight highlights the complexities of navigating the world's second-largest beauty market amidst economic fluctuations. Stay tuned, PM us or reach out via WhatsApp: +𝟖𝟔𝟏𝟕𝟕𝟎𝟔𝟕𝟏𝟕𝟖𝟓𝟗 or Email: 𝐩𝐮𝐫𝐜𝐡𝐚𝐬𝐞𝟐@𝐚𝐮𝐭𝐨-𝐛𝐞𝐚𝐮𝐭𝐲𝐠𝐫𝐨𝐮𝐩.𝐜𝐨𝐦 #cosmeticindustry #beautyindustry #cosmeticwholesale #perfumewholesale

Indian beauty brand The Love Co. has expanded its retail presence in Russia in collaboration with beauty influencer Kristina Bykova Click on the link below to know more... #beautyandwellness #beauty #skincare #bodycare #retailnews #retailtrends #retailsector #retailindustry #retailing #retailresults #retailupdates #businessnews #retailgrowth #retailsectornews #retailindia #retailtrends #retailbusiness #ir #IndiaRetailing

Beauty wellness brand Dr.Rashel, owned by Petrol Perfume group, has opened its flagship skincare store in Mumbai. The brand is aiming to establish over 150 franchise stores across India in the next two years. Click on the link below to know more... Dr. Rashel India I Devji Hathiyani #drrachel #beautybrand #beautywellness #skincare #newstore #mumbai #franchisestore #retailexpansion #retailnews #retailtrends #retailsector #retailindustry #retailing #retailresults #retailupdates #businessnews #retailgrowth #retailsectornews #retailindia #retailtrends #retailbusiness #ir #IndiaRetailing 

“𝐅𝐚𝐥𝐥 𝐢𝐧 𝐁𝐞𝐚𝐮𝐭𝐲”: 𝐀 𝐦𝐮𝐥𝐭𝐢-𝐛𝐫𝐚𝐧𝐝 𝐬𝐤𝐢𝐧𝐜𝐚𝐫𝐞 𝐬𝐭𝐨𝐫𝐞 𝐥𝐚𝐮𝐧𝐜𝐡𝐞𝐝 𝐢𝐧 𝐃𝐮𝐛𝐚𝐢 INDEX Trading & Investment announces today its strategic partnership with the Global Trade Development Agency (GTDA) from Korea at the Dubai World Trade Centre within Dubai Derma 2024, heralding a new era in the skincare industry across Dubai and the MENA region. This collaboration aims to introduce innovative and high-quality South Korean beauty and skincare products to diverse markets, capitalizing on INDEX Trading and Investment’s regional expertise and GTDA’s proficiency in sourcing premium skincare solutions. Read More: https://lnkd.in/duzRqc6U Mr. Joo Taek Youn, the Chairman of The Global Trade Development Agency (GTDA), was present at the signing ceremony. Eng. Anas Almadani, Vice Chairman and Group CEO of INDEX Holding, stated: “This collaboration signifies a pivotal moment in bridging cultures and delivering top-tier skincare offerings to consumers. By combining forces, INDEX Trading and Investment and GTDA are poised to elevate the skincare landscape, bringing forth a new era of beauty and wellness that transcends borders and celebrates the diversity of skincare solutions available to consumers. Moreover, it has been reported that South Korean beauty and skincare are two of the country’s biggest businesses and exports. As the world’s third-largest cosmetics exporter, South Korea’s cosmetics exports outperformed home appliances, pharmaceuticals, and smartphones in recent years. Data also suggests that South Korea’s skincare market will reach $11.4 billion in value by 2026. #mededgemea #skincare #colloboration #koreanskincare

L'Oréal CEO Nicolas Hieronimus sent shares of his company and others downward following comments that the global #beauty market will grow at 4.5-5.0% in 2024, compared to a previous forecast of 5.0%. The key culprit was weakness in the Chinese market. This is creating significant interest among brands in the Indian beauty market, which is anticipated to grow nearly 15% annually through 2026, totaling $28.9 billion by the end of the forecast period. Not to mention that McKinsey & Company recently noted that #India is "expected to emerge as a new hot spot." Here's what's happening in the market and what brands and retailers are doing to capture growth.

Purplle.com 𝐑𝐚𝐢𝐬𝐞𝐬 $𝟏𝟖𝟎 𝐌𝐢𝐥𝐥𝐢𝐨𝐧 𝐚𝐭 𝐚 $𝟏.𝟑 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 𝐕𝐚𝐥𝐮𝐚𝐭𝐢𝐨𝐧 Purplle.com is a leading online marketplace for beauty and grooming products, offering a wide selection, personalized recommendations, and a smooth shopping experience. With over 60,000 products from 1,000+ brands, the platform addresses diverse beauty needs. From skincare and haircare to makeup and fragrances, Purplle.com provides options for every preference and budget. In 2022, the company achieved unicorn status, marking a significant milestone in its growth journey. Purplle.com has raised $180 million in a Series F round led by Abu Dhabi Investment Authority (ADIA), with additional participation from existing investors such as Premji Invest and Blume Ventures. The fresh funding will help Purplle.com pursue its mission of making beauty accessible to all. The company aims to harness technology to improve the way consumers explore and buy beauty products and services, broadening its audience, according to a press release from the firm. Purplle.com, Mumbai, Maharashtra, India, was founded in 2012 by Manish Taneja and Rahul Dash. “As we continue to innovate and leverage our technology and data capabilities to deliver the best omnichannel experience to our customers, this latest round of investments reaffirms the importance of our vision to make every Indian feel beautiful,” noted Manish Taneja, co-founder and CEO of Purplle.com.

**Insights on Fragrance sector** Shoppers stop to tap Fragrance market: Shopper Stop is stepping up its presence in the fragrance market. The Retailer under subsidiary Global SS beauty brands introduced a fragance line from Giorgio Armani. ▪︎ Growth & Projections: The beauty markets is evolving and fragrances are becoming an important part of consumer beauty kit. The overall fragrance market in the country is valued at Rs11,000 crore. The mid fragrance market is also booming. ▪︎ Revenue: The beauty business reported sales of Rs887 crore in FY24,up 10% Yoy, while the beauty distribution business Global SS beauty brands reported additional revenue of Rs119 crore. ▪︎ Partnership: Last year Global SS beauty brands partnered with Japanese company Shiseido Asia Pacific to launch global makeup brand Nars Cosmetics in India. ▪︎ Distribution Network: Shopper stops extends its reach by distributing international cosmetics and perfumes to retailers such a Sephora and Nykaa. India's beauty and personal care market is set to grow five fold in the next 15 years.

Interesting insights on one of the fast-growing industries- Skincare and Cosmetics!

𝐇𝐔𝐋'𝐬 𝐄𝐧𝐭𝐫𝐲 𝐢𝐧𝐭𝐨 𝐋𝐮𝐱𝐮𝐫𝐲 𝐂𝐨𝐬𝐦𝐞𝐭𝐢𝐜𝐬 𝐰𝐢𝐭𝐡 𝐇𝐨𝐮𝐫𝐠𝐥𝐚𝐬𝐬 Hindustan Unilever (HUL) is introducing its global luxury beauty brand Hourglass to India, marking its debut in the luxury cosmetics segment.   Hourglass, founded in 2004 and acquired by Unilever in 2017, is a premium cruelty-free cosmetic brand that will be sold through beauty stores, department counters, and e-commerce.   Besides Hourglass, Unilever may introduce other prestige beauty brands like Tatcha and Living Proof in the future.   𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐨𝐧 𝐰𝐢𝐭𝐡 𝐞𝐬𝐭𝐚𝐛𝐥𝐢𝐬𝐡𝐞𝐝 𝐥𝐮𝐱𝐮𝐫𝐲 𝐛𝐫𝐚𝐧𝐝𝐬 𝐥𝐢𝐤𝐞 𝐁𝐨𝐛𝐛𝐢 𝐁𝐫𝐨𝐰𝐧, 𝐄𝐬𝐭𝐞𝐞 𝐋𝐚𝐮𝐝𝐞𝐫 This move positions HUL to compete with established luxury brands like Bobbi Brown, Estee Lauder, and Sephora, marking its entry into the prestige beauty segment.   𝐇𝐔𝐋'𝐬 𝐩𝐫𝐞𝐦𝐢𝐮𝐦 𝐩𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨 𝐧𝐨𝐰 𝐜𝐨𝐧𝐭𝐫𝐢𝐛𝐮𝐭𝐞𝐬 𝐚𝐫𝐨𝐮𝐧𝐝 35%, 𝐰𝐢𝐭𝐡 𝐚 𝐬𝐭𝐫𝐨𝐧𝐠 𝐟𝐨𝐜𝐮𝐬 𝐨𝐧 𝐡𝐢𝐠𝐡-𝐦𝐚𝐫𝐠𝐢𝐧 𝐜𝐚𝐭𝐞𝐠𝐨𝐫𝐢𝐞𝐬 HUL has increased its premium portfolio contribution from less than 20% to nearly 35%, aligning with the growing demand for premium products among Indian consumers.   HUL’s strategy includes targeting high-margin, low-penetration categories, splitting its beauty and personal care division to sharpen focus on this growing sector.   𝐋'𝐎𝐫é𝐚𝐥, 𝐌𝐚𝐦𝐚 𝐄𝐚𝐫𝐭𝐡, 𝐚𝐧𝐝 𝐍𝐲𝐤𝐚𝐚 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐢𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐭𝐡𝐞𝐢𝐫 𝐦𝐚𝐫𝐤𝐞𝐭 𝐬𝐡𝐚𝐫𝐞 𝐭𝐨 42% Focused beauty brands like L'Oréal, Mama Earth, and Nykaa are expected to increase their market share from 33% to 42% by 2027, while established players like HUL and P&G will see their share decline to 58%. Global beauty giants like L'Oréal and Shiseido are also focusing on India as a key growth market, with L'Oréal identifying India as its fifth largest market in professional products. Rishabh Kale

Ten of the fastest-growing beauty brands in the UK: These are the ones to watch based on their YOY increase in share of brand search demand in August: Space NK: +1.28% (+38.61%) Superdrug: +1.23% (+6.57%) Sephora: + 0.99% (+21.46%) Charlotte Tilbury: +0.33% (+6.81%) Huda Beauty: +0.33% (+108.88%) Rituals: +0.32% (+43.42%) Cult Beauty: +0.29% (+10.42%) Diptyque: +0.21% (+33.15%) Beauty Pie: +0.20% (+16.59%) Liz Earle: +0.15% (+12.89%) (Figures in brackets represent market share % change) Why share of brand search matters: Share of brand search is the amount of people searching for your brand versus the competition. It's a brilliant metric to evaluate brand health quickly and is often linked to profitability and even share price. It's one of the many challenges that Metis helps big retailers solve. Find out how to get this data weekly at: https://lnkd.in/dNmKY57U SpaceNK Apothecary Superdrug SEPHORA Charlotte Tilbury Beauty Huda Beauty Rituals UK & Ireland Cult Beauty Diptyque Perfume Beauty Pie