Industry news, brand developments, IPOs, earnings and research trends.
Proya acquired 19% equity of BISHENGZHIYAN's parent company for 313 ten thousand yuan, becoming the second largest shareholder, and also invested 1 hundred million yuan to become an LP of Zhenxingu Fund, further expanding its capital deployment.
Australian lip balm brand Lanolips has closed its Xiaohongshu store and suspended official operations in China, marking two failed attempts to enter the Chinese market in six years.
Fan Bingbing's brand Fan Beauty has filed for its first fragrance product, entering the crossover market of fragrance and body highlighter with a 4.6 g roll-on oil, thereby avoiding competition in the traditional perfume sector.
L'Oréal increased advertising investment by 45 hundred million yuan in the first half, operating profit increased by 25 hundred million, and operating margin reached a record high of 21.3%.
