QeyesNews02/26/2022Russia-and-Ukraine war leads global cosmetic-related companies suffered huge drop

1.Russia-and-Ukraine war leads the global market into panic, resulting in the global cosmetic-related companies suffered huge drop, wiping over $11.708 million only in one day on 24th. At the same time, the climbing prices of international crude oil will further lead to the higher price of cosmetics raw materials to intensify conflicts on cost.
2.French Guerlain has officially announced Chinese actress Faye Yu(Yu Feihong) as its spokesperson of ORCHIDÉE IMPÉRIALE. In 2016, Guerlain officially entered Chinese e-commerce platform Tmall and opened its official flagship store to cover both online and offline omnichannel. At present, Guerlain's official Tmall flagship store has 7.945 million followers with a very stable user group.
3.L'Oreal Paris officially announced Chinese actress Rayza(Reyiazha) as its makeup ambassador. In Double 11(Chinese Shopping Carnival) of 2019, L'Oreal Paris was among the 1 billion-yuan club of Chinese e-commerce platform Tmall and became the No.1 beauty brand. Currently, China has become the top global market for the L'Oreal Paris.
4.The 2022 China International Consumer Products Expo will be hold in Haikou, Hainan, China, from April 12 to 16. SEKKISEI, a skin care brand from the Kose Group, is confirmed to be shown in the Expo. For many years, SEKKISEI has developed the Chinese market by its classic series of lotions, which become a J-Beauty classic in the hearts of countless people. This time, SEKKISEI participates in the 2022 China International Consumer Products Expo for the first time and it hopes to take this opportunity to accelerate its globalization process.
5.According to a new study by Japanese fragrance manufacturer Takasago, China is expected to become the world's second largest high-end perfume market after the United States in the next three years due to its huge growth potential. Data shows that sales of high-end fragrances in the China’s market grew by 15 percent in 2020 and 30 percent in 2021, while only 5 percent of population in the market will use fragrances, which dominated by consumers under the age of 40. In addition to luxury brands such as Dior and Chanel, Chinese consumers tend to discover niche and local fragrance brands.
6.Alibaba's revenue of third quarter fiscal 2022 increased 10% year-over-year to $38.328 billion and adjusted net income decreased 25% year-over-year to $7.051 billion. Alibaba's global annual active consumer base reached 1.28 billion as of December 31, 2021, up 43 million in a single quarter. Consumers in China grew by a net 26 million to 979 million in a single quarter and consumers in overseas markets exceeded 300 million for the first time.
7.Beauty group Estee Lauder has suspended its chief executive John Demsey after the latter sparked strong public controversy with posts on his personal Instagram account containing racial slurs and jokes about the pandemic, according to a regulatory filing by the group. John Demsey has been in Estee Lauder Group since 1991 and managed some brands including MAC Cosmetics, Clinique, Too Faced, Smashbox and so on.
8.BASF may increase the prices of its personal care specialty product lines in North America by approximately 15% as permitted by contractual/price agreements, effective March 15, 2022. BASF said "it is responding to other cost increases including domestic and transcontinental freight, energy and labor in order to compensate for the impact of continued market volatility and the availability of essential raw materials."