Pinguan Weekly|Kao another makeup brand shut down/L'Occitane sold 220 million

brand

花王旗下彩妆品牌GOLD BOX关停

On April 1, Kao's makeup brand COFFRET D'OR announced on its official Instagram account that it will cease production from June 2024 and end sales at the end of December. It is reported that COFFRET D'OR was founded in December 2007, officially entered the Chinese market in September 2009, and was withdrawn in China in 2012, its products include eyeshadow, lipstick, blush and highlighter, etc., the price is about 2000-5000 yen (about 95-238 yuan), and now it is mainly sold in local drugstores and e-commerce platforms.

欧舒丹2.22亿元出售Grown Alchemist

On April 2, L'Occitane International announced that it would sell and transfer all the shares of its skincare brand Grown Alchemist to the buyer Lavender Investments (a company owned by Andr é Joseph Hoffmann, former CEO and current executive director of L'Occitane Group), and that L'Occitane Group will no longer hold the target companies 14 Groupe S.A. and Grown Any interest in Alchemist. According to the agreement, the transaction price of the transaction is 28.3528 million euros (about 222 million yuan), which will be paid in cash on or before September 30, 2024. It is reported that Grown Alchemist was founded in 2008 and officially entered the Chinese market in 2023, focusing on pure skin care products. The L'Occitane Group acquired a 49% stake in the company in 2022 and has since invested in several acquisitions of its majority stake.

Intercos has partnered with coffee company Amarey

A few days ago, Intercos, a well-known cosmetics manufacturer, announced that it has established a strategic partnership with Amarey, an innovative start-up under the Italian coffee company illycaffè. According to the announcement, Amarey is an innovative start-up company focusing on coffee functional products, and after the cooperation is reached, the two parties will be committed to research, innovation and development of cosmetic raw materials. According to reports, the first product of the cooperation between the two parties is an innovative coffee butter with multiple uses, which has extraordinary toning and emollient properties, and has been launched on March 21, 2024.

capital

L'Oréal's fund invests in a UK-based plant pigments company

A few days ago, according to foreign media reports, L'Oreal's Circular Innovation Fund participated in the seed round of financing of Sparxell, a British sustainable plant pigment developer, with an investment amount of 2.5 million pounds (about 22.841 million yuan), which will be used for product development, expansion of production and expansion of the team. According to public information, Sparxell was founded in 2022 by a team of Cambridge scientists, and its main business is the production of sustainable plant color products for cosmetics, fashion textiles, packaging and other fields.

market

South Korea's cosmetics exports to China still rank first

Recently, data released by the Korea International Trade Association showed that South Korea's cosmetics exports increased by 36.2% year-on-year from January to February this year, reaching US$1.515 billion (about 10.95 billion yuan). Among them, South Korea's cosmetics exports to China were 418 million US dollars (about 3.02 billion yuan), a year-on-year increase of 17.7%. It is reported that in the past 20 years, China has been the largest export destination of Korean cosmetics, from the perspective of growth rate, at the peak of 2010, South Korea's cosmetics exports to China increased by 166.6%, 2022 year-on-year decrease of 26%, 2023 year-on-year decline, although the growth rate has been declining in recent years, but China is still the largest exporter of Korean cosmetics.

The 2023 Hubei Provincial Cosmetic Adverse Reaction Monitoring Annual Report was released

A few days ago, the Hubei Provincial Food and Drug Administration released the "Hubei Provincial Cosmetic Adverse Reaction Monitoring Annual Report (2023)". According to the report, in 2023, the province received a total of 11,088 "Cosmetics Adverse Reactions/Event Report Forms", a year-on-year increase of 23.27%. Among them, 11,620 cases of cosmetic adverse reactions were preliminarily judged, and cosmetic contact dermatitis accounted for 85.46%. A total of 1,954 cases (17.49%) were involved in special cosmetics, mainly in freckle whitening, sunscreen and hair dyeing, and 9,181 cases (82.20%) were involved in ordinary cosmetics, mainly in skin care, including creams, lotions, masks, lotions, creams, cosmetic oils, etc. Among the 11,169 suspected adverse reactions to cosmetics, 5,899 cases were mainly from products purchased online, accounting for 52.82%, a year-on-year decrease of 1.85%, and online shopping has become the main channel for adverse reactions to cosmetics for six consecutive years.

Supervision

The State Food and Drug Administration reported information on 4 typical cases of cosmetics

On April 2, the State Food and Drug Administration notified 4 typical cases of cosmetics: the case of production and sale of counterfeit cosmetics in Changzhou, Jiangsu Province on September 15, the case of using prohibited raw materials to produce cosmetics by Guangxi Yulin Qianzhi Materia Medica Cosmetics Co., Ltd., the case of Ningbo Plandi Tourism Products Co., Ltd. in Zhejiang Province not organizing the production of cosmetics in accordance with the requirements of production quality management standards, and the case of Beijing Hanfang Yongbao Biotechnology Co., Ltd. providing false information for cosmetics filing. Among them, in the case of Guangxi Yulin Qianzhi Materia Medica Cosmetics Co., Ltd. using prohibited raw materials to produce cosmetics, Wang, the legal representative of the enterprise, was fined a lifetime ban. According to the announcement, the departments responsible for drug supervision and administration at all levels have thoroughly implemented the decisions and arrangements of the Party Central Committee and the State Council on strengthening drug safety, solidly promoted the consolidation and improvement of drug safety, continued to strengthen the supervision of cosmetics, and worked with public security organs to severely crack down on illegal and criminal acts in the field of cosmetics, and effectively safeguard the safety of public cosmetics.

The Central Institute for Inspection and Inspection publicly solicited opinions on the "Guidelines for the Use of Cosmetic Raw Material Data".

On April 3, the Central Institute for Inspection and Inspection issued a notice on publicly soliciting opinions on the "Guidelines for the Use of Cosmetic Raw Material Data (Draft for Comments)". According to the announcement, in order to standardize the safety assessment of cosmetics and promote the orderly implementation of the cosmetics safety assessment system, in accordance with the requirements of relevant laws, regulations and normative documents such as the Regulations on the Supervision and Administration of Cosmetics and the Administrative Measures for the Registration and Filing of Cosmetics, the Central Institute for Inspection and Inspection has drafted the "Guidelines for the Use of Cosmetic Raw Material Data (Draft for Comments)" and drafting instructions, which are now open to the public for comments, and the deadline for soliciting opinions is April 10. It is reported that the "Guidelines" solicit opinions on the main types of raw material data, data use requirements and supporting materials, and other specific situations.

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