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Coty Chair Peter Harf to Step Down as JAB Plans Leadership Overhaul
THE WHAT? Coty is preparing for a senior leadership shake-up, with chair Peter Harf set to step down and chief executive Sue Nabi expected to depart as controlling shareholder JAB Holdings moves to reset the group’s direction. THE DETAILS JAB plans to appoint a new chair who will then move quickly to install a…
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Shanghai Forest Cabin Cosmetics Files for Hong Kong IPO
THE WHAT? Shanghai Forest Cabin Cosmetics Group, known as Lin Qingxuan, has filed for an initial public offering in Hong Kong as competition intensifies in China’s premium skincare market. THE DETAILS The company’s growth is anchored by its Camellia Essential Oil, which contributes nearly 40% of annual revenue and more than 45% in its…
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Seoul Beauty Club Raises US$2m Pre-Seed to Expand U.S. K-Beauty Platform
THE WHAT? U.S.-focused K-beauty subscription platform Seoul Beauty Club has raised US$2 million in pre-seed funding to scale its personalised skincare offering. THE DETAILS The round included investors from Korea and the U.S., including Sazze VC, Hustle Fund, Collaborative Fund Asia and Mashup Ventures. Operated by Faiston Corporation, the platform targets U.S. women aged…
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TPG Exits Most of Anastasia Beverly Hills Stake, Taking Major Loss
THE WHAT? TPG has largely exited its investment in Anastasia Beverly Hills through a debt restructuring, significantly eroding its approximately US$600 million stake in the cosmetics company. THE DETAILS The private equity firm acquired around 38% of the brand in a leveraged deal and now holds an estimated 6% following the restructuring. The move…
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Unilever Sets Annual M&A Budget of €1.5 Billion With Priority on U.S. Deals
THE WHAT? Unilever CEO Fernando Fernandez has stated that the company is allocating approximately €1.5 billion (US$1.74 billion) annually for mergers and acquisitions, with a strong focus on opportunities in the United States. THE DETAILS Fernandez disclosed the figure at a JPMorgan-hosted event, noting that U.S. assets represent a primary target area for future…
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Gerrard International Acquires Jessica Cosmetics
THE WHAT? Gerrard International has acquired professional nail brand Jessica Cosmetics after more than three decades serving as its UK distributor. THE DETAILS Gerrard International, based in Hertfordshire, has managed Jessica Cosmetics’ UK business for 35 years, during which the market became the brand’s most commercially successful territory. The acquisition follows the passing of…
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EU Raids Temu Over Suspected Breach of Foreign Subsidies Rules
THE WHAT? The European Commission has carried out unannounced inspections at Temu as part of an investigation into potential violations of the EU Foreign Subsidies Regulation. THE DETAILS The raid took place at one of Temu’s Irish premises, targeting possible foreign state support that could distort competition in the EU market. Temu, owned by…
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Amazon to Invest Over US$35 Billion in India to Accelerate AI, Exports and Infrastructure Expansion
THE WHAT? Amazon has outlined plans to invest more than US$35 billion in India by 2030, focusing on AI development, export growth and expanded operational infrastructure as competition intensifies in one of the world’s fastest-growing digital markets. THE DETAILS The investment builds on Amazon’s existing US$40 billion commitment to India since 2010 and follows…
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Orveda Opens First Bangkok Flagship to Accelerate Global Maison Expansion
THE WHAT? Orveda has launched La Maison Orveda Bangkok, its first flagship in Thailand and the newest addition to its expanding global Maison network. THE DETAILS Located in Bangkok’s Ploenchit district, the flagship marks Orveda’s entry into Southeast Asia, a key prestige skincare market where demand for biotech-led, results-driven skincare is rising. The restored…
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L’Oréal Increases Galderma Stake to 20% in Move to Deepen Presence in Aesthetics
THE WHAT? L’Oréal has acquired an additional 10% stake in Galderma Group AG, bringing its total ownership to 20% as it strengthens its position in the fast-growing medical aesthetics category. THE DETAILS The shares were purchased from a consortium led by EQT—which includes Sunshine SwissCo, ADIA and Auba Investment—for an undisclosed amount. As part…