BASF will invest in a production equipment for the sunscreen Uvinul A Plus in Jinshan District, Shanghai City. The new equipment will have a design capacity of approximately 1,500 tons per year and is expected to be operation in the first half of 2023. In these days, German chemical giant BASF announced that it will invest in a production facility Uvinul® A Plus in Jinshan District, Shanghai City, China. This investment will further expand the capacity of BASF's UV filtration portfolio in the Asia Pacific. In August 2020, BASF committed to investing in a production equipment in Asia for this product. Its designed capacity will reach approximately 1,500 tons per year and it is expected to go into operation in the first half of 2023. BASF currently produces Uvinul® A Plus at its site in Ludwigshafen, Germany and this move will further expand its production base. Uvinul® A Plus is one of the few photostable UVA filters on the market today that effectively filters harmful UVA from the sun. Its superior protectiveness provide effective protection against free radicals and skin damage. This patented oil-based particle is preservative-free, remains highly effective at low concentrations and is easy to formulate flexibly. It is ideal for anti-aging long-lasting sunscreen and skin care products.

Abstract: The process of preparation, filling, and filling cosmetics of "DIY" dispensing cosmetics from a private workshop is not transparent and the authenticity of cosmetics is unknown.

We now aim to build a business worth at least $3.380 billion over the next few years through digital commerce, innovation, acquisitions and expansion. According to a news release on Unilever's official website, the premium beauty division is one of the fastest growing parts of Unilever's business with its annual turnover amounting to about $1.132 billion this year. Founded in 2014, Unilever's premium beauty division has acquired nine brands including REN, Dermalogica, Kate Somerville, Living Proof, Hourglass and others. Its turnover reached $786 million in 2020 and achieved double-digit strong growth in its latest results in 2021. Vasiliki Petrou, executive vice president and group CEO of Unilever Premium Beauty, said, "We now aim to build a business worth at least $3.380 billion over the next few years through digital commerce, innovation, acquisitions and expansion." Unilever Premium Beauty includes three segments: clinical skin cosmetics, cleansing and clinical and high efficacy. Clinical dermocosmetics includes the professional skincare brand Dermalogica, the physician-led clinical and wellness brand Murad and Kate Somerville, which has an offline clinic in Los Angeles. Clean and clinical business includes the French brand Garancia, the clean beauty brand REN and the newly acquired Paula's Choice. High-efficacy brands include harmless beauty brand Hourglass, hair care brand Living Proof and Japanese skincare brand Tatcha. Vasiliki Petrou also said that social media and e-commerce were also huge momentum for Unilever's premium beauty division as its more than 50% of turnover coming from online sales. Online sales are accelerating for all types of products - but for premium beauty brands, direct-to-consumer sales have always been a priority. For the future, Vasiliki Petrou says digitalization and innovation will be the main growth for Unilever. Around 70% of consumers worldwide search and buy products through social platforms and Unilever's brands have moved quickly into this channel. Its brand Dermalogica on TikTok has succeed and it also launched a virtual reality store.

In October this year, JWELL Global and Unilever U Chuang Incubator jointly announced a series of strategic cooperation in new social retail. JWELL Global announced its unaudited financial results for three months ended September 30, 2021 with total revenues of $44 million for the third quarter of 2021, an increase of 76.1% year on year. Moreover, shown from its results report, JWELL Global reported its total GMV of $62 million on its online shopping platform (JWELL Mall), an increase of 91.3% compared to $32 million for the same period in 2020. According to JWELL's global performance report, its main revenue sources are cosmetics, health and nutrition products and household products sold by JWELL Mall, of which cosmetics sales growth has been in the leading position. In the third quarter of 2021, its cosmetics revenue reached $20 million accounting for 44.75% of total revenue, up 478.8% year on year. Health and nutrition revenue reached $14,965,400, flat compared to the same period last year; and health and nutrition revenue reached US$14,965,400, flat compared to the same period last year. The company's revenues from health and nutrition products reached $14,965.4 million, essentially unchanged from the same period last year, and revenues from household products reached $9,244,900, an increase of 42.2% year-over-year. Regarding the growth in the third quarter of 2021, JWELL Global said in its earnings report that there were three main reasons. The first is the increase in its brand coverage due to the licensing from more brands and distribution of more brands including Adidas skin care products. That brings more bulk purchase customers. The second point is the continued extensive marketing and promotional efforts of JWELL Global in the third quarter of 2021, which led to a significant increase in sales. The final point is the increase in the weighted average unit price of its product sales. Although the operating income of JWELL Global increased more, it had a net loss of $2.1002 million in the third quarter of 2021. It was because the increase in its marketing and promotion expenses as Juhao Global undertook business expansion. According to public information, Juhao Mall from JWELL Global is one of the leading e-commerce platforms for cosmetics, health and nutrition products and household goods in China. In addition, the company sells its products through its authorized retail stores "Ai Jia Dian", "LHH Store" and "Ju Hao You Xuan" across China. The total number of LHH stores and VIP members continued to grow steadily in the third quarter of 2021, up 8.4% and 9.7% respectively year on year. In the term of future development, JWELL Global said it will continue to focus on executing its growth strategy and accelerating cooperation with international brands by providing an optimized platform for product enrichment. In October this year, JWELL Global and Unilever U Chuang Incubator jointly announced a series of strategic cooperation in new retail by social .

Amore Pacific and SKE&S, a multinational green energy company, signed an agreement to develop a joint investment program to activate the renewable energy market. Amore Pacific recently signed a "Renewable Energy Supply Agreement for Carbon Neutrality" with SK E&S at Amore’s headquarters building. Under the agreement, Amore Pacific will obtain a stable supply of renewable energy from SK E&S laying the foundation for meeting its commitment to sustainable management and accelerating the achievement of its RE100 goal. In addition, the two companies will develop a joint investment program to activate the renewable energy market and coalesce their efforts to propose institutional and policy improvements that will encourage companies to use renewable energy. SK E&S is a multinational green energy company that builds a green business portfolio around four business segments, including hydrogen, renewable energy, energy solutions and green LNG. It is reported that Amore Pacific announced its Top Five 2030 Sustainable Management Commitment in June of this year and it decided to achieve carbon neutrality in its production sites around the world by 2030. This partnership lays the foundation for Amore Pacific to produce low-carbon products using 100% renewable energy by 2030.

UCO and its affiliates will acquire 100% of the equity of THELIAN, the agency operator of ELIXIR and Curel. After acquisition, UCO will have a 10-15% market share in the Chinese beauty e-commerce agency services market. On December 7, the National Anti-monopoly Bureau issued a public notice of the summary case of operator concentration regarding “Acquisition of Equity Interest in Shanghai THELIAN Shangyue Internet Technology Company”. According to the content of the public announcement, Hangzhou UCO Cosmetics Co., Ltd. (hereinafter referred to as "Yoke") and its affiliates signed a transaction agreement with the existing shareholders of Shanghai THELIAN Shangyue Internet Technology Company (hereinafter referred to as "THELIAN") on November 11, 2021. Under the agreement, UCO and its affiliates will acquire 100% of the equity interest (the "Proposed Transaction") in THELIAN. Following the Proposed Transaction, THELIAN will be under the sole control of UCO. According to public information, UCO, founded in July 2012, is a Chinese beauty brand service provider that provides services to beauty brand partners through its agency operations, including providing online store operations, customer service, fulfill after-sales services. Its partners include over 40 beauty brands, including Estee Lauder, Clinique, L'Occitane, VICHY, La Roche Posay and so on. Its operating platforms cover Tmall, Taobao, Vipshop, Jingdong and other e-commerce platforms. It is reported that UCO has passed the hearing of the Hong Kong Stock Exchange in June this year and will be listed on the Main Board of the Hong Kong Stock Exchange. THELIAN was founded in 2005 and transformed into an e-commerce company focusing on brand network operation in 2009. Through various service models such as B2C direct marketing, B2B2C cross-channel business and agency distribution, it provides one-stop e-commerce services such as e-commerce strategy, creative design and live operation for brands, diversifies retail solutions for well-known cosmetic brands on various e-commerce platforms mainly Tmall and assists enterprises in brand communication. According to the official website of THELIAN, the official Tmall flagship stores of many brands, including Curel, ELIXIR, Cetaphil, Biore and Charlotte Tilbury, are operated by THELIAN. According to the National Anti-monopoly Bureau, UCO's market share in China's beauty e-commerce services market reaches 5-10%. Its market share in China will reach 10-15% after the acquisition of THELIAN. The acquisition will increase the market share, which may also be UCO's response to the rise of new MCN agencies and brand agencies.

L’Oréal Acquires Youth to the People. The brand is expected to record over $50 Million of sales in 2021. L’Oréal announces a statement in its official website that it signs an agreement to acquire Youth to the People, an American skincare company based in California. Youth to the People was founded in Los Angeles in 2015 by two cousins, Greg Gonzalez and Joe Cloyes. The brand is inspired by their grandmother, Eva, who started a professional skincare line 40 years ago, utilizing plant extracts and innovative active ingredients. The brand’s growth has been supported by its investors, Sandbridge Capital, Strand Equity and Carisa Janes. Youth to the People develops and markets high-performance skincare products known for formulas that combine premium vegan blends of superfood extracts and science. Available in the US, Canada, Australia, and in select European countries where it enjoys a very strong appeal, the brand is marketed through an omnichannel distribution – mix of D2C e-commerce and selective distribution. The brand is expected to record over $50 Million of sales in 2021. Cyril Chapuy, President of L’Oréal Luxe, said, “We are very pleased to welcome Youth to the People brand, its founders and fantastic teams. Because of its solid reputation and remarkable product quality, Youth to the People is a favorite among all genders. Its skincare expertise based on healthy, vegan, high-efficacy formulas make it a very strategic addition to L’Oréal Luxe. Stéphane Rinderknech, President North America & Chief Executive Officer L'Oréal USA, added, “We have been inspired by the passion and vision of the brand’s two founders, Joe Cloyes and Greg Gonzalez, in bringing the best of the health-conscious, California lifestyle to high performance beauty. We believe in the potential of this special brand, and we look forward to working with the Youth to the People team to help them realize this potential. I am thrilled to have Youth to the People join our growing portfolio of American brands on the West Coast.” Joe Cloyes, Founder & CEO, and Greg Gonzalez, Founder & CBO, of Youth to the People, said, “We founded Youth to the People to continue our family’s legacy of making skincare and to inspire and represent our community. Joining the L’Oréal family gives us the opportunity to realize all the dreams of Youth to the People.

L'Oréal Group will repurchase 4% of the shares of its capital—held by Nestlé. Nestlé reduced its stake of 8.9 billion euros (about $10 billion) in shares. On December 7, it is announced by official website of L’Oreal that L'Oréal Group will repurchase 4% of the shares of its capital—held by Nestlé. Nestle reduced its stake of 8.9 billion euros (about $10 billion). After the sale, Nestlé’s stake in the capital of L’Oréal will be reduced to 20.1%. All the shares repurchased by L’Oréal will be exclusively purchased for cancellation purposes and will be canceled, at the latest on August 29, 2022. At the end of the transaction and after the cancelation of the repurchased shares, Nestlé’s stake in the capital of L’Oréal will be reduced from 23.3% to 20.1%. All other shareholders will benefit from an accretive effect by the same proportion, including the Bettencourt Meyers family, whose stake in L’Oréal will increase from 33.3% to 34.7%. The transaction will also have an accretive effect on L’Oréal’s earnings per share of more than 4% in a full year. Nestlé also said its board has decided to buy back 20 billion Swiss francs ($21.6 billion) worth of shares between 2022 and 2024. However, it will adjust the plan if it embarks on a major acquisition.

Chinese new oral care brand Ecoobix has completed an angel round of funding of Ten Millions yuan and its turnover has exceeded $1,576,000 in the three months of its trial launch. The up-and-coming oral care brand Ecoobix completed an angel round of funding of tens of millions of yuan led by Jiaxing Voyong and followed by Donald, founder of the pet lifestyle brand "Vetreska", for the first time in his personal capacity. This round of funding will be mainly used for product innovation and research, category expansion, and scene penetration. Founded in May 2021 and headquartered in Hangzhou, China, Ecoobix is a functional oral care brand company focused on solving consumers’ oral problems. It is reported that the company's first product, Ecoobix anti-sugar mouthwash, has exceeded $1,576,000 in turnover in the three months of its trial launch. The founder, Zhong Yuqian, is an entrepreneur who was born in 1994 and has been deeply involved in the oral care field for many years before founding Ecoobix. The rest of the founding team has an average of more than 5 years of experience in the e-commerce consumption goods industry. Its product managers and creative directors are excellent talents from Sephora, Budweiser, and other famous companies. Currently, Ecoobix mouthwash has launched three products for the oral fragile group (blueberry flavor), smoker group (mint flavor), and social group (pineapple flavor). In addition to glycosidase to achieve anti-sugar, anti-cavity, antioxidant effect, three mouthwash added guaiac wood extract, activated carbon, persimmon fruit extract to achieve the oral mucosa care, adsorption of tobacco stains and smoke, deodorant fresh breath. Compared to other mouthwash brands, the price of Ecoobix is relatively high. Its mouthwash with 410ML is priced at $12.45 in its official flagship store on China's e-commerce platform Tmall. Zhong Yuqian said, 1.56 U.S. dollars - 6.15 U.S. dollars is a mainstream price range in China's entire oral track accounting for 70% of the market share. The remaining 30% are concentrated in the price range of $6.15-$15.60, which is dominated by some European and American or Japanese and Korean niche brands that failed to occupy the consumer’s mind. Out of the judgment that there is a lot of upward demand for oral care products, Ecoobix has positioned itself as a mid-to-high-end brand hoping that it can become a new lifestyle for a generation in the future. At present, Ecoobix is starting a Pre-A round of financing.

Amore Cosmetics (Shanghai) Co., Ltd. was fined 15,700 yuan (about $2,466.47) for declaring imported hazard chemicals as "non-hazard chemicals". On December 7, website of Shanghai Customs released an administrative penalty from Shanghai Pudong International Airport Customs on Amore Cosmetics (Shanghai) Company. It was announced that Shanghai Guanlian Custom Company was entrusted to declare the import of one cargo to Pudong International Airport Customs under the supervision of "general trade" on September 22, 2021. The declared name was "Fragrance for Cosmetics" and the quantity was 140 kg with the declared price of CIF 17290 Euro (about $19,491.01). The goods were declared as "non-hazard chemicals". The Customs found that the above goods were actually hazard chemicals and needed to be inspected, which did not match with the declaration. The value of the goods was RMB 131,448.95 (about $20,650.63). The Chinese Customs verified and determined that the goods need to implement the statutory inspection. The parties did not declare truthfully to the Chinese Customs and commodity inspection in accordance with the provisions. The above facts are suspected of violating the Law of the People's Republic of China on Import and Export Commodity Inspection and its relevant provisions. According to Article 33 of Law of the People's Republic of China on Import and Export Commodity Inspection and Article 46 of Regulations for the Implementation of the Law of the People's Republic of China on Import and Export Commodity Inspection, a fine of RMB 15,700 yuan (approximately $2,466.47) was imposed. It is reported that Amore Cosmetics (Shanghai) Co., Ltd. is a wholly-owned subsidiary of Amore Pacific.

IMCD China, a leading global distributor of specialty chemicals and ingredients, acquires 100% of the shares of Shanghai Syntec Additive Limited and Shanghai VeeTc Fine Chemicals Company. IMCD N.V., a leading global distributor of specialty chemicals and ingredients, announced  that IMCD China has signed an agreement to acquire 100% of the shares of Shanghai Syntec Additive Limited and Shanghai VeeTc Fine Chemicals Company today. The transaction is expected to be completed within the next five weeks. IMCD Group, based in the Netherlands, is a distribution company specializing in specialty chemicals and food ingredients. It currently has companies and offices in 45 countries worldwide. Entered in China since 1996, the business of IMCD Group ranges from coatings, plastics, pharmaceuticals, food and personal care. Moreover, IMCD completed the acquisition of Maquimex (Mexico) and signed an acquisition agreement with Ocotec Chemical (China) in Q3 2021. Andreas Iger, Managing Director of IMCD China, said: "The personal care market is an integral part of IMCD's growth strategy in China. This acquisition allows us to accelerate our growth momentum in the form of additional suppliers while maintaining organic growth. The new fully equipped Shanghai lab makes it easy for us to leverage our formulation expertise to provide added value to our customers." Founded in 2003, Syntec is a specialized supplier of cosmetic ingredients, detergent ingredients, energy and environmental industry additives and fragrances as well as is the distributor in China for many leading world-class suppliers, providing service for companies such as IFF, Sasol, Wilmar, Symrise and many others. “We are excited to join IMCD. We are committed to providing innovative solutions to our customers and partners through a service-oriented approach like IMCD,” said Yu Min, Founder and General Manager of Syntec. By leveraging IMCD's global network and resources, we will be able to achieve sustainable growth and mutual progress in the personal care market."

According to Kiehl's plan, its goal for 2021 is to reach the sale of $625 million and try for $782 million. This means that if Kiehl's is to achieve its desired sales, it will have to at least accomplish a year-on-year increase of 25% or more. Founded in 1851 in Manhattan, New York, Kiehl's began by selling herbs, essential oils, prescription medicines, teas and honey. Later on, Kiehl's developed its unique image by combining its expertise in beauty, herbalism, pharmacy and medicine, and evolved into a full-service brand with the launch of the first Kiehl's named care products. By the early 1960s, Kiehl's pharmacists had the experience and expertise to develop a range of care products which customized the needs of their customers for both men and women. 170 years later, Kiehl's is still working tirelessly to provide the most professional service and top-quality care products for the face, body, hair and even after sports. In 2000, Kiehl's joined the L'Oréal Group. In 2009, Kiehl's officially entered China. From 2009 to 2021, Kiehl's sales in China have grown steadily surpassing $156 million in 2016. In 2020, Kiehl's performance target was $469 million., which was actually exceeded, with a final performance of nearly $625 million on the retail side. It is unbelievable that Kiehl's started with a retail volume of $46-$78 million in China 12 years ago and has grown 10-times today. In 2020, under such a serious situation of the pandemic, Kiehl's exceeded its annual performance target mainly for several reasons: First, from the perspective of the channel, after Kiehl's planned offline channel, it began to layout the online channel. During the pandemic, in the case of more than 80% of offline retail stores are closing, the online channel performed very well with a strong complement. Secondly, from the product perspective, makeup cosmetics were more affected by the pandemic. But the demand for skin care did not decrease. The impact was relatively very small. Kiehl's focuses on skincare and some product categories in particular performed exceptionally well during the pandemic, such as cleansing masks, which grew very rapidly last year, thanks to Kiehl's balanced product structure. It is understood that Kiehl's online sales currently come mainly from the official Tmall flagship store, the official WeChat mini-program and the official website, while offline it has more than 170 counters and boutiques, of which the average annual sales per counter or boutique is around $1.564 million. "The proportion of online and offline sales is now basically equal, with each accounting for 50 percent." Li Lin, general manager of Kiehl's China, once revealed at a public event that Kiehl's has added about 10 new offline counters even in 2020. According to Kiehl's plan, its goal for 2021 is to reach the sale of $625 million and try for $782 million. This means that if Kiehl's is to achieve its desired sales, it will have to at least accomplish a year-on-year increase of 25% or more. Kiehl's has grown from a young brand just entering China to a top 10 cosmetics brand in China's high-end beauty market. Today, the Chinese market has also become the second largest market for Kiehl's globally, behind only the U.S. domestic market. Since the first day it entered the Chinese market in 2009, Kiehl's has been helping the public good. In the eleven years since it entered the Chinese market, Kiehl's has collaborated with artists almost every year to launch a limited edition art collaboration for its star product "Moisturizing Face Cream". During this period, over 3 million bottles of the face cream were sold in China, with a portion of the sales donating to charity projects for disadvantaged children in China. The Face Cream is currently the number one selling moisturizer among all premium brands. Since 2012, Kiehl's has been focused on China's national treasure, panda. Kiehl's is working on a project to protect the habitat of wild pandas through a limited edition of the Amazonian White Clay - another one of its star products. More than 2 million bottles of white clay masks were sold to support the conservation of wild pandas in China. Currently, Kiehl's White Clay is also the number one selling in oil control product in the premium cosmetics category. 2017 was a milestone year for Kiehl's in China with the official launch of Kiehl's Tmall flagship store. In an era of booming e-commerce, the brand is also exploring how to incorporate its own concerns and thoughts on the environment and nature into its e-commerce platform. This year, Kiehl's and Tmall partnered to join the Green Package Program, becoming the first of all high-end beauty brands to adopt plastic-free logistics in e-commerce.