Pinguan Weekly|Another cutting-edge makeup went out of business/Mao Geping rushed to 4 billion

brand

DOMESTIC MAKEUP BRAND HEDONE CLOSED ITS STORE

On October 10, the domestic makeup brand HEDONE issued a notice of store closure: it will officially close on November 9, 2024. It is reported that the official Weibo and WeChat of the HEDONE brand will stop updating in 2021, and the official flagship store of Jingdong has also ceased operation. In 2022, HEDONE launched a new product for the last time. In June 2024, HEDONE filed 6 lip gloss products, and said goodbye to everyone with a 125 yuan/3 lip gloss products as the "closing ceremony". According to public information, HEDONE's first makeup series was launched in 2018, and the price of the product is about 90-130 yuan, and the lip gloss, eyeshadow palette, and highlighter have all won the TOP3 of the hot list of the corresponding categories on Tmall, and have received A round of investment from The Paper Capital and B round of investment from Sequoia Capital.

(Related reading: "Another cutting-edge domestic product, died in 2024")

Beauty is the closure of the store

A few days ago, the official mini program of the United States issued an announcement on the closure of the store, and the United States will officially close the store on October 30, and stop receiving new orders from September 30, after which the membership points will be cleared to zero and the gift cannot be redeemed. The closure of the store involves all the official flagship stores of several mainstream e-commerce platforms, namely the official flagship store of Meiqi Tmall, the self-operated flagship store of Meiyi Jingdong, and the Meiyi Douyin skin care flagship store. This means that the United States is about to fully withdraw from the line. The official customer service of Meijie said that in the future, you can continue to purchase Meiyi products through some offline retail channels, including Watsons and Prismon, Guerlain Beauty, Sino Beauty, Zeyan Beauty, Zhou Tian Famous Makeup, Baoding Dongda, Jin Meng, Hattari, Xichang Huatai, Putian Domestic Products, Junmei Space, Airport Beauty, etc.

(Related reading: "Today, Beauty Closes the Store!") 》）

capital

Peptide production enterprises completed nearly 100 million yuan in financing

Recently, Xiushi Biopharmaceutical (Nantong) Co., Ltd. has completed nearly 100 million yuan in Pre-A round of financing, led by Chuangjing Capital, followed by Huatai Zijin, Jinyu Bogor and Xiaofantable Venture Capital. The financing funds will be used to continue to increase the construction of the unique innovative peptide biosynthesis technology platform and diversified pipeline research and development of Xiushi Biotech, complete and expand the construction of compliant peptide drug production lines, and accelerate the commercialization of the company's superior technologies and products at home and abroad. It is reported that Xiushi Biotech has successfully laid out a diversified product line, covering innovative drugs, API (active pharmaceutical ingredients), pharmaceutical and green synthetic industrial enzymes, protein products, beauty peptide products and other fields. Among them, beauty peptide products involve functional peptides such as tripeptide-1 copper and hexapeptide-9, as well as cosmetic active products such as blue copper peptide, decarboxylated carnosine, and glycerol glucoside.

(Related reading: "Peptide Production Enterprises Complete Nearly 100 Million Yuan of Financing")

IPO

Mao Geping rushed to 4 billion

On October 9, Mao Geping Cosmetics Co., Ltd. submitted a listing application to the Hong Kong Stock Exchange again, with CICC as the sole sponsor. It is worth noting that Mao Geping added a new plan to expand overseas in the prospectus - about 15% of the recruitment funds will be used to support overseas expansion and acquisitions. Mao Geping said that in the future, it will focus on improving existing brands, strategically incubate or acquire new high-end brands, and enrich the brand portfolio by improving the reputation of MAOGEPING. At the same time, Mao Geping will also reposition the "love for life", change the brand image, and open up new growth space. In addition to enriching the existing product matrix, Mao Geping plans to release an exclusive fragrance collection to enhance the brand's competitiveness. According to the latest prospectus, Mao Geping's revenue in the first half of this year was 1.97 billion yuan, or it will exceed 4 billion yuan for the first time this year.

(Related reading: "Mao Geping Rushes to 4 Billion")

Beauty ingredient manufacturer Xuankai Biotech terminated its IPO

Recently, the Shanghai Stock Exchange announced its decision to terminate the review of the initial public offering of Nanjing Xuankai Biotechnology Co., Ltd. and its listing on the Science and Technology Innovation Board. According to the documents, Xuankai Biotech applied for an IPO on the Science and Technology Innovation Board on December 29, 2022, and the company and the sponsor recently submitted applications for withdrawal of listing documents. According to the prospectus, Xuankai Biotech originally planned to issue no more than 36.1 million shares and raise 769 million yuan. The termination of the IPO means that its fundraising plan has failed. The termination of the IPO of Xuankai Biotech is not an isolated case in the field of beauty ingredients. According to the "Beauty Product View", in the past year, the road to IPO such as Pai Peptide Biotechnology, Green Biotechnology, Chuanger Biotechnology, Jiakai Biotechnology, and Chuangjian Medical has changed one after another, and the difficulty of listing has become the norm for cosmetic raw material companies.

(Related reading: "The Fifth Beauty Ingredient Supplier Terminates IPO This Year")

Earnings

Givaudan's sales in the third quarter of 2024 were 46.6 billion yuan

On October 11, Givaudan, an international flavor and fragrance giant, released its financial results for the third quarter of 2024. According to the financial report, in the first three quarters of this year, Givaudan's sales were 5.644 billion Switzerland francs (about 46.563 billion yuan), an increase of 13.0% compared with the same period last year. Among them, the perfume and beauty business performed particularly well in the first three quarters, with sales reaching 2.782 billion Switzerland francs (about 22.953 billion yuan), a year-on-year increase of 15.6%. Sales of fine fragrances increased by 17.8% year-on-year, consumer goods increased by 15.9% year-on-year, and sales of fragrance ingredients and active beauty products also increased by 10.8% year-on-year. Compared with Givaudan's full-year sales of 6.915 billion Switzerland francs in 2023, it is likely to surpass its 2023 performance this year and reach a new high.

(Related reading "46.6 billion! The performance of the flavor and fragrance giant exploded)

raw material

Two new raw materials have been recorded

Recently, according to the information platform for the filing of cosmetic raw materials of the State Food and Drug Administration, the "maltonic acid" filed by Shanghai Keqin Technology Co., Ltd. and the "PHOEBE HUI stem/root oil" filed by Jinsinan Cosmetics Co., Ltd. have completed the filing. It is reported that maltulinic acid is the third new cosmetic raw material of Shanghai Keqin to complete the filing, and previously, Shanghai Keqin has completed the filing of new cosmetic raw materials for tocopherol retinoate and pyridoxine tri-hexylcapanoate, two vitamin derivatives. According to reports, Keqin Laboratory has a variety of products in the vitamin derivatives product line, including vitamin A derivatives of retinol, retinaldehyde, HPR, retinol retinoate, tocopherol retinoate, vitamin B derivatives pyridoxine tri-hexyl caprate, myristyl nicotinate, tocopherol nicotinate, vitamin C derivatives ascorbyl tetraisopalmitate (VC-IP), tetrahexyl decanoate ascorbate (THD) VC ethyl ether, Vitamin E derivatives such as tocopherol retinolate, tocopherol nicotinate, etc.

Supervision

The Shanghai Municipal Food and Drug Administration reported that 6 batches of cosmetics were unqualified

On October 9, the Shanghai Municipal Food and Drug Administration issued a notice on the quality of the second phase of cosmetics supervision and sampling in 2024. According to the notice, in order to strengthen the supervision and management of cosmetics quality, standardize market order, and ensure the safety of consumers' use of cosmetics, the Shanghai Municipal Food and Drug Administration organized the implementation of quality supervision and sampling inspection of cosmetics production and operation enterprises in the city. Among them, 6 batches of cosmetics, including DR Flower Lotion (No. 2), Bright Impression Fu Yu Essence Purifying Balm, Koshiro Hair Dye Balm, Yingge Hair Dye Cream (Golden Brown), Zhuo Lanya Ginger Moisturizing and Repairing Conditioner, and Fuhetang Saponaria Soap Plant Extract Shampoo, did not meet the regulations, and most of the reasons for non-compliance were unqualified ingredient comparisons.

A generation of factories has become a brand "scapegoat"

A few days ago, Guangzhou Muscle Honey Biotechnology Co., Ltd. was fined 20,300 yuan for producing cosmetics that did not meet the filing information. It is reported that the "ZISERENSHENG Posture Life Beauty Skin Lasting Makeup BB Cream" product was detected to contain sunscreen not specified in the filing information, and the skin honey biology of the filing person was fined 20,300 yuan. On the surface, this is a "penalty case caused by lax review of raw materials for product filing", but "Cosmetics Observation" interviewed a number of industry insiders and found that this may be a typical case of "backing" by the factory. The administrative penalty letter emphasizes that the batch of products involved in the case was unqualified because "the incoming materials already contained sunscreen ingredients, but due to the negligence of the parties when the products were filed and not indicated in the filing information".

(Related reading: "Earn 300 and fine 20,000 yuan, and the foundry becomes a brand "scapegoat"!) 》）

The official refutes the rumor that 3 kinds of toothpaste ingredients cause cancer

Recently, the China Oral Cleaning and Care Products Industry Association issued the "Relevant Instructions on the Rumors of the Ingredients of 3 Toothpaste Raw Materials". According to the explanation, in September, some video bloggers published articles on relevant media platforms about the ingredients of toothpaste, promoting that the use of three types of toothpaste ingredients is harmful or will increase the risk of cancer. The expert committee of the association hereby conducts a professional analysis of the safety of these three types of toothpaste raw materials, and provides scientific evidence for consumers to identify the truth. The association believes that there is no safety risk in the raw materials of toothpaste that meet the relevant regulations and standards; Excessive amounts of natural or chemical ingredients can be toxic, depending on which products these ingredients can be allowed to be used in accordance with regulations and standards, what is the limit of the amount of additives, and all products added in accordance with relevant regulations are safe.

(Related reading: "These types of toothpaste ingredients or carcinogenic?") Official Refutation of Rumors)

"White to black" products are going to be cold

Recently, the Guangdong Provincial Food and Drug Administration released a popular science article "Safe Makeup, Beauty Starts from the "Head". According to the article, since the beginning of this year, the bureau has carried out cosmetic safety risk monitoring on some hair products that claim to be "white to black", and confirmed that silver compounds are indeed added to these products. The silver ions contained in these products can turn black on their own by the action of light, even if they are not combined with gray hair. China's "Safety and Technical Specifications for Cosmetics" (hereinafter referred to as the "Specification") clearly states that silver nitrate is limited to products that are used to dye eyelashes and eyebrows, which means that silver nitrate cannot be used in cosmetics other than eyelash and eyebrow tinting. The "Specification" states that hair dye is a substance added to cosmetics to change the color of hair, and there are 75 types of hair dyes that can be used. Enterprises shall choose to use hair dyes within the scope of the catalogue of permitted hair dyes for cosmetics in the Specification.

(Related reading "The official tone, this kind of cosmetics is going to be cold")

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