Clothing chain Next Plc has bought premium beauty and wellbeing retailer Fabled by fashion and beauty magazine Marie Claire from Ocado Group for a small upfront payment, the online grocer said on Wednesday.
The Japanese cosmetics manufacturer announced on Tuesday that its net profit rose 16% in the first quarter thanks to strong sales in Japan and China, progress which allowed the company to confirm its annual outlook.
De Montalivet will be responsible for the progress of the group's BareMinerals, Nars, Laura Mercier and Shiseido brands in the region and leading the company's direction to deliver the corporate global strategy.
Japanese cosmetics giant Shiseido has signed a business partnership with Alibaba to develop new products for the Chinese market. It said the tie-up will also see the companies collaborate on marketing and ecommerce.
Johnson & Johnson, L’Oreal and others have splashed out on cutting-edge cosmetics in Japan and Korea, seeking clout and innovation. But local beauty brands like Shiseido and Amorepacific could still reverse the trend.
In a retail environment where selling unique products is not enough, beauty brand BareMinerals has committed to donating 1% of sales from its physical and online stores to various charities supporting women's education.