According to Kuaishou's e-commerce data, during this Kuaishou 618 Shopping Festival (June 1 to June 18), the GMV of international beauty brands on Kuaishou's e-commerce platform increased by over 100% year on year. Recently, the Kuaishou 618 Shopping Festival came to a successful conclusion, with the beauty industry standing out as a popular category for e-commerce promotions. According to Kuaishou's e-commerce data, during this Kuaishou 618 Shopping Festival (June 1 to June 18), the GMV of international beauty brands on Kuaishou's e-commerce platform increased by over 100% year on year. The number of live streamers with GMV exceeding 10 million yuan ($1.39 million) increased by more than 30%, and the number of single products with GMV breaking 10 million ($1.39 million) increased by 300% YoY. In addition, TQDAN single product GMV exceeded 100 million yuan ($13.93 million), the number of brands with GMV over 10 million yuan (($1.39 million) increased by 65% YoY, nearly 60 sub-categories GMV increased by over 100% YoY, men's beauty GMV increased nearly 50 times, and the GMV of seasonal sunscreen products increased by 400%. The beauty industry achieved all-around growth during this 618 Shopping Festival. Among them, Whoo, L'Oréal, and Sulwhasoo ranked among the top three international beauty brands in the 618 Shopping Festival, thanks to their high-quality, well-known, and professional functional products. Kans, OSM, and Grainrain, who focus on combining domestic consumer demand and characteristics, and are committed to launching more suitable beauty products for Chinese skin types, became the top three domestic brands. As more and more post-95s and post-00s become the main force of market consumption, driven by the "Generation Z" consumer concept, both women and men are constantly raising their demand for beauty products. Moreover, to enhance the traffic capacity of brand merchants during the promotion and help brands accumulate user assets, Kuaishou e-commerce launched a membership marketing tool before the event. This tool helps brand merchants improve their private domain operation capabilities, efficiently converting public domain traffic into private domain traffic, and guiding brands to fully tap the conversion and repurchase potential of Kuaishou consumers. Notably, at the Kuaishou E-commerce Gravitation Conference in May, the head of the Kuaishou E-commerce Beauty and Personal Care Industry Operations Center announced that Kuaishou will create over 100 beauty brands with an annual scale of over 100 million yuan ($13.93 million). It will continue to implement new supply, new distribution, new consumers, new scenarios, new marketing, new experience, and new infrastructure, striving to become the largest e-commerce platform for beauty industry growth in 2023. Starting from this promotion, Kuaishou e-commerce will further expand its marketing space, providing more comprehensive support for the long-term development of the beauty industry.

Brenntag, the German-based chemicals and ingredients distributor, announced the acquisition of Shanghai Saifu Chemical Development Co., Ltd, a distributor of personal care chemicals in China. Brenntag, which holds the leading position in the distribution of chemicals and ingredients on a global scale, has declared that it has acquired Shanghai Saifu Chemical Development Co., Ltd (hereinafter referred to as Saifu). The acquisition is expected to enhance Brenntag's expertise and presence in China. Brenntag stated that the acquisition of Saifu in China aligns with its acquisition strategy as a prominent consolidator in the industry and its objective of positioning Brenntag Specialties as the preferred global service partner for innovative and sustainable solutions. Saifu, established in 2005, has been a top distributor of specialty chemicals to various industries such as home and personal care, coatings and inks, polymer emulsions, household and industrial cleaning, and more. In 2022, Saifu's annual revenue amounted to €71 million ($78.02 million). The transaction is anticipated to be completed later this year after fulfilling the standard closing conditions. Saifu is headquartered in Shanghai and also operates two subsidiary companies in Guangzhou and Beijing. In addition, the company has a Technical Application Center with two laboratories devoted entirely to providing technical support. With a staff of over 100 employees possessing strong chemistry backgrounds and experience, the Saifu group of companies is well-equipped to provide quality service. Michael Friede, Chief Operating Officer of Brenntag Specialties, said: “We are taking great strides with the execution of our ‘Strategy to Win’ and growing in attractive markets, especially within the Life Sciences sector. Joining forces with Saifu in China is a significant step, expanding our global Specialties footprint in the region and in the Asian Personal Care market and strengthening our value-added services offering and innovation capabilities.” Yu Tao, Managing Director of Saifu: “Our customers, suppliers, shareholders, and our employees will greatly benefit from becoming part of Brenntag, which is the largest chemical and ingredients distribution company in the world. We are built on the principles of value and responsibility, attributes which Brenntag stands for as well, and we hope to grow and continue to serve our current and future customers and supply partners as part of the Brenntag family.”

The total sales of integrated e-commerce platforms and live streaming platforms during this "618" shopping festival reached CNY 798.7 billion ($111.25 billion). Recently, Syntun and CHAILEEDO Intelligence released data related to the "618" shopping festival. According to Syntun, from 20:00 on May 31, 2023, to 24:00 on June 18, 2023, the total sales of integrated e-commerce platforms and live streaming platforms during this "618" shopping festival reached 798.7 billion yuan ($111.25 billion). In terms of the e-commerce platforms, the total sales of integrated e-commerce platforms reached 614.3 billion yuan ($85.56 billion), an increase of 5.4% year-on-year. Among them, Tmall ranked first among the integrated e-commerce platforms, followed by JD.com, and Pinduoduo ranked third. During the "618" period, the total sales of live-streaming e-commerce reached 184.4 billion yuan ($25.68 billion). Douyin ranked first among live-streaming e-commerce platforms with a certain advantage, followed by Diantao in second place, and Kuaishou in third place. The sales of new retail platforms reached 24.3 billion yuan ($3.38 billion), with Meituan Flash Purchase ranking first, JD Daojia, and Eleme ranking second and third respectively. According to CHAILEEDO Intelligence, the top three brands in the Tmall/JD.com beauty and skincare category TOP5 were L'Oréal, Lancôme, and Estée Lauder, with only one domestic brand, Pechoin, ranking fourth on the Tmall list. The TOP5 brands in the Tmall perfume/makeup category were 3CE, Estée Lauder, Yves Saint Laurent, Florasis, and Armani; the TOP5 brands in the JD.com perfume/makeup category were Yves Saint Laurent, Dior, Chanel, Givenchy, and Lancôme. It is not difficult to see that during this "618" promotion, the perfume/makeup category brands were still dominated by foreign brands. Douyin platform beauty/personal care appliances GMV ranked first in the cosmetics category, with YA-MAN, Jmoon, and AMIRO ranking in the TOP3 of the beauty devices category; the top three brands in the makeup category were Florasis, VC Beauty, and AKF; the TOP3 brands in the skincare category were Helena, Estée Lauder, and La Mer. It is worth noting that during this year's 618, beauty devices have taken center stage. According to public information, the GMV of beauty devices on the Kuaishou platform increased 125 times year-on-year; in the Tmall 618 new product list, the fourth, fifth, and seventh places were beauty devices; AMIRO, as a new brand of home beauty devices, ranked first in the Tmall first-day store performance list.

Guangzhou Uniasia Cosmetic Technology Co., Ltd, a Chinese beauty company, has resumed its initial public offering (IPO) review on the SZSE ChiNext board as of June 21. On June 21, the IPO review of Guangzhou Uniasia Cosmetic Technology Co., Ltd. (hereinafter referred to as Uniasia) on the ChiNext board resumed and is currently in the inquiry stage. Previously (March 27), Uniasia voluntarily suspended its IPO application due to updates to the financial information of the issuer and sponsor. According to public information, Uniasia is a comprehensive cosmetics company integrating R&D, production, sales, and service. Its founder, Hu Xingguo, started as a dealer, established Meifubao in 1999, and began to transition from distribution and service to brand building. As a cosmetics company with a history of more than thirty years, Uniasia is also one of the few comprehensive cosmetics companies in China. Currently, it has 15 major brands under its umbrella, including Meifubao, FRANIC, SEEYOUNG, and SKYNFUTURE, as well as niche brands such as MOR, KEEP · Y, YOUYA, GITTAMY, VITALIXIR, MIOFURMI, and others. The product range covers daily chemical products such as skin care, cleansing, hair care, and body care. According to the prospectus, Uniasia's revenues in 2019 and 2020 were 1.941 billion yuan ($270.415 million) and 1.988 billion yuan ($276.868 million), respectively, and increased to 2.157 billion yuan ($300.462 million) in 2021, a year-on-year increase of 8.5%. Revenues for the first half of 2022 were 986 million yuan ($137.34 million). Net profits attributable to the parent company's shareholders during the same period were 209 million yuan ($29.11 million), 250 million yuan ($34.82 million), 188 million yuan ($26.19 million), and 137 million yuan ($19.08 million), respectively. Although Uniasia has many brands, its revenue still mainly relies on ZiYuan, Meifubao, and Flanlinka. ZiYuan is the top-selling brand under Uniasia, with revenues of 842 million yuan ($117.28 million) in 2021, while Meifubao and Flanlinka achieved revenues of 569 million yuan ($79.25 million) and 396 million yuan ($55.16 million), respectively. In 2021, the total contribution of these three brands to the company's revenue reached 84%. Uniasia has always stated that it will expand globally to the five continents in the future, becoming a truly global enterprise with Chinese cultural significance. As early as 2015, Uniasia acquired the Australian brand MOR and began cosmetics and personal care production and sales in Australia. The group now owns three original Australian import brands, including MOR, a fragrance care brand, MOINA, a natural skincare brand, and AUSPERI, a natural plant-based hair care brand.

Boohoo Group says it is grateful to its current chief executives Bob Holt, Derek and Elizabeth for stabilising the business, but the company needs a more experienced team to seek growth. Recently, it was reported that an online fashion group Boohoo Group, the largest shareholder of UK-based mass beauty and personal care business Revolutionary Beauty, has publicly stated that it will vote against the reappointment of CEO Bob Holt, Non-Executive Director Derek Zissman and Elizabeth Lake, Chief Financial Officer. In addition to calling for the removal of Revolution Beauty's executives, the Boohoo Group intends to appoint two non-executive directors to Revolution Beauty's board - Alistair McGeorge and Neil Catto - who will be the new Executive Chairman and Chief Financial Officer respectively. Of these, McGeorge is a non-executive director in the Boohoo Group. He is also non-executive chairman of drinks manufacturer East Imperial and discount department stores' chain The Original Factory Shop. Catto, who was Boohoo Group's chief financial officer from 2011 to 2022, stepped down as an executive director in March this year. In a statement, Boohoo Group said: "As Revolution Beauty's biggest shareholder, Boohoo is grateful to Bob, Derek and Elizabeth for stabilising the business. However, as Revolution Beauty transitions to its next phase, where the focus must switch to growth, Boohoo believes a senior leadership team with the right retail, e-commerce and consumer brands experience is required to deliver shareholder value." Embroiled in financial turmoil Publicly available information shows that Revolution Beauty is a British mass beauty and personal care business founded in 2014 by Adam Minto and Tom Allsworth, with 13 brands offering cosmetics, skincare and hair care products to consumers. It signed a partnership agreement with British brand chain Superdrug, licensing exclusive rights to its in-store retail business in the UK from its inception. By 2018, its products had been launched in 800 Superdrug shops and it has become one of Superdrug's top three mass beauty brands. All Revolution Beauty products are said to be inclusive and diverse, claiming to offer a range of products at different price points for consumers of all skin tones, and all products are 100% cruelty-free and vegan, using sustainable and recyclable packaging wherever possible. The group's products are mainly sold directly to consumers through its official website. They are also currently sold in brick-and-mortar beauty retailers such as Watsons, Target, Boots and Ulta Beauty. In 2019, Revolution Beauty was named the fastest-growing beauty company in the UK by The Times. 2021 saw Revolution Beauty going public. According to some reports, Revolution Beauty is one of the largest initial public offerings on the London junior market in 2021, when it is valued at £500 million ($639.2 million). In October 2021, Revolution Beauty also acquired hair and skincare manufacturer Medichem for £27 million ($34.5 million) to further vertically integrate the business and enable it to manufacture skincare and hair care products within the group. According to Revolution Beauty's prospectus document published in 2021, its products are available in 11,000 retail shops in the UK, US and other international markets as of the first half of 2021. And in the 14 months to 28 February 2021, its net revenue has grown to £157.6 million ($201.5 million). Moreover, according to Revolution Beauty's financial reports, for the six months to 31 August 2021, its revenue grew by 39% to £78.6 million ($100.5 million) and its gross margin grew to 47.9%. Of this, the makeup category achieved a 53% year-on-year increase in revenue. However, Revolution Beauty has been plagued by financial issues for the last two years, with its financial updates stuck in 2021. On September 1 2022, Revolution Beauty's trading was suspended for failing to release its final results for the year ended February 28. The market capitalisation of Revolution Beauty, based on the suspension quote, is approximately £58.85 million ($75.2 million). During Revolution Beauty's suspension, the fashion retailer Boohoo Group invested in it. As disclosed by Boohoo Group, in December 2022, following two capital increases, Boohoo Group has become the largest shareholder of Revolution Beauty, directly holding 26.47% of Revolution Beauty's issued share capital. It is worth noting that Revolution Beauty made a significant omission in its 2022 financial results. In an announcement in May 2022, the group's management had told shareholders that the group's EBITDA profit would be approximately £22 million ($28.1 million) positive. On May 26 this year, the group finally released its figures for February 2022. The figures showed that the group's EBITDA profit was approximately negative £800,000 ($1.02 million). This means that the company's earnings were approximately £23 million ($29.4 million) less than previously announced. When releasing the figures, the group admitted that they had found significant problems with the accounts. At the same time, the auditors warned whether the group could continue to trade as a 'going concern'. Immediately following the publication of these results, Revolution Beauty co-founder Tom Allsworth announced his resignation. It is reported that Revolution Beauty has reportedly undergone a series of resignations over the past few months as Tom was the last co-founder of Revolution Beauty. On June 20, it was reported that Revolutionary Beauty would be taking legal action against Adam Minto, the company's founder and former chief executive officer, who said that previous financial failures were linked to Adam Minto's misconduct and claimed that Adam Minto had "breached his fiduciary, statutory, contractual and/or tortious duties to the company". Adam Minto is said to have resigned in November 2022. Recently, Revolution Beauty's interim results for the first half of FY23 were released. The figures show that the company's revenue reached £75.3 million ($96.3 million), down 4.2% year-on-year. Operating losses narrowed to £121 million ($154.7 million) from £237 million ($303 million) in the first half of 2022. Commenting on the interim results report, chief executive Bob Holt said it was an important step in lifting Revolution Beauty's suspension. "As we look ahead, we remain confident, and expect single digit revenue growth in both the FY23 financial year, and the current FY24 financial year." Exit from China without announcement In fact, Revolution Beauty, which had taken the UK and North American markets by storm, had also entered the Chinese market. It is reported that Revolution Beauty officially entered the Chinese social platform Weibo on July 3, 2019. Its flagship shop on the Chinese e-commerce platform Tmall opened in the middle of the same month. At that time, its main products included the Unicorn lipstick, highlighter blush collection, 24-shade REVOLUTION & Soph eyeshadow palette and chocolate eyeshadow palette. Since then, Revolution Beauty has also been more active in promoting its products in China, pushing out new products frequently, and often launching sweepstakes and festive events. For example, in May-June 2020, Revolution Beauty launched 4 times of new products including highlighters, eyeshadow palettes and mascaras. Revolution Beauty has also had some buzz on Chinese sharing platforms such as Xiaohongshu. Apart from its makeup products, Revolution Beauty's skincare line is also popular among influencers, with a focus on affordability. However, there are also a lot of criticisms such as “ball up”, and “no effect”. Earlier this year, a netizen found that Revolution Beauty's Tmall overseas flagship shop was on sale and clearance. In February this year, the netizen said the flagship shop had closed, as well as the official Revolution Beauty Xiaohongshu overseas shop. (Credit: a netizen found the online store of Revolution Beauty in China was close) CHAILEEDO found that Revolution Beauty's official flagship shops on Taobao and Xiaohongshu have indeed been closed. However, no announcement about the closure has been made on Revolution Beauty's official channels, with its Weibo account last updated on February 27 2022 and its Xiaohongshu account last updated on 25 November 2022. (Credit: the Revolution Beauty store on Tmall and Xiaohongshu was closed) CHAILEEDO has asked Revolution Beauty for confirmation but has not received a reply at press time. This means that Revolution Beauty may have withdrawn from the Chinese market without an official announcement. It is very common for international beauty brands to fail in China, especially under the dual impact of the pandemic and the downward spiral of the make-up market in the past three years. Many European and American makeup brands such as Too Faced and Glamour have even chosen to withdraw from the Chinese market outright. Because of this, more and more European and American brands need to consider how to retain young Chinese consumers in order to avoid this situation.

YA-MAN, the Japanese beauty devices company, reported net sales for FY23 were up 5.0% YoY to 42,996 million yen ($303.25 million), with operating profit down 10.8% to 6,134 million yen ($43.26 million). Recently, the Japanese beauty devices company YA-MAN released its summary of consolidated financial results for the fiscal year ended April 30, 2023. The company reported net sales for FY23 increased by 5.0% YoY to 42,996 million yen ($303.25 million), YA-MAN stated that the growth in net sales was mainly driven by the significant increase in sales in China in the overseas operations segment and steady sales in each of the domestic sales channels. Additionally, YA-MAN reported a 26.6% YoY decrease in ordinary profit to 5,917 million yen ($41.73 million) and a 30.0% YoY decrease in profit attributable to owners of parent to 3,913 million yen ($27.60 million). While the company’s operating profit decreased by 10.8% YoY to 6,134 million yen ($43.26 million). In terms of business segment performance, YA-MAN saw an increase in home shopping sales by 28.1% YoY to 6,666 million yen ($47.01 million), with a segment profit increase of 7.9% YoY to 2,299 million yen ($16.21 million). Store sales decreased by 5.3% YoY to 7,953 million yen, and segment profit decreased by 27.2% YoY to 1,826 million yen. Direct sales also saw a decrease of 14.2% YoY to 9,922 million yen ($69.98 million), with a segment profit decrease of 21.5% YoY to 4,587 million yen ($32.35 million). YA-MAN's overseas operations segment saw significant growth in both sales and profits, exceeding those of the previous fiscal year, due to the continued strong performance of the Chinese domestic market. Segment sales increased by 23.2% YoY to 17,894 million yen ($126.20 million), and segment profit increased by 56.7% YoY to 6,870 million yen ($48.45 million). A-MAN has released its consolidated earnings forecasts for the fiscal year ending on April 30, 2024. The forecasts predict a 4.7% YoY increase in net sales to 45,000 million yen ($317.38 million), a 6.0% increase in operating profit to 6,500 million yen ($45.84 million), a 4.8% increase in ordinary profit to 6,200 million yen ($43.73 million), and an 11.2% increase in profit attributable to owners of parent to 4,350 million yen ($30.68 million).

JST Group, China’s e-commerce SaaS ERP provider, is seeking an HK IPO. The company’s clients include China beauty brand OSM. On June 19, JST Group Corporation Limited (hereinafter referred to as "JST Group") officially submitted its prospectus to the Hong Kong Stock Exchange, intending to list on the main board. According to CIC, JST Group held a market share of 20.7% in terms of revenue, making it the largest e-commerce SaaS ERP provider in China in 2022. Additionally, JST Group also ranked first in terms of total SaaS revenue in China's e-commerce operation SaaS market in the same year. JST Group said the company has developed a comprehensive suite of cloud-based e-commerce SaaS products that enable us to connect merchants with over 350 e-commerce platforms globally, including China. Our suite of offerings provides a unified and intuitive way for customers of different sizes and types to monitor, operate, and manage their businesses. This helps them make data-driven intelligent decisions that keep them ahead in the ever-evolving e-commerce industry. In 2022, JST Group served 45.7 thousand SaaS customers across various categories. Additionally, our net dollar retention rate in 2021 and 2022 was 122% and 105%, respectively. JST Group was founded in 2014 and initially entered the market with e-commerce SaaS ERP. It has now developed into a SaaS collaborative platform that integrates various merchant services centered around SaaS ERP. According to the prospectus, JST Group's primary SaaS product is ERP, which fulfills the essential requirements of merchant customers in processing e-commerce orders on different e-commerce platforms. Through JST Group's ERP, merchants can integrate, synchronize, and coordinate all their stores, orders, products, and inventory, manage operational and financial data across platforms, and enjoy a seamless cross-platform business experience. The key functions of JST Group's ERP currently include order management systems, warehouse management systems, procurement management systems, and distribution management systems. From 2020 to 2022, JST Group's revenue was 294 million yuan ($40.88 million), 433 million yuan ($60.21 million), and 523 million yuan ($72.73 million), respectively, with a compound annual growth rate of 33.4%. SaaS ERP product-generated revenues were 255 million yuan ($35.46 million), 374 million yuan ($52.01 million), and 457 million yuan ($63.55 million), accounting for 86.7%, 86.2%, and 87.4% of total revenue, respectively. From 2020 to 2022, JST Group's gross profit margin showed an increasing trend, reaching 46.2%, 50.5%, and 52.3%, with gross profits of 136 million yuan ($18.91 million), 219 million yuan ($30.45 million), and 274 million yuan ($38.10 million), respectively. From 2020 to 2022, the company's corresponding net losses (excluding pre-tax losses) were 364 million yuan ($50.62 million), 254 million yuan ($35.32 million), and 507 million yuan ($70.50 million), with adjusted net losses of 108 million yuan ($15.02 million), 137 million yuan ($19.05 million), and 379 million yuan ($52.70 million), respectively. According to the prospectus, JST Group's SaaS products focus on the e-commerce industry and have become the preferred solution provider for e-commerce SaaS ERP on major Chinese e-commerce platforms (including Alibaba, JD.com, Pinduoduo, Douyin, and Kuaishou).

Runben Bio received IPO approval from the Listing Committee of the Shanghai Stock Exchange, which will make Runben Bio China's first infant and toddler care listing company. According to the China Securities Regulatory Commission, on June 20th, Runben Biotechnology Co., Ltd. (hereinafter referred to as "Runben Bio") was approved for its initial public offering by the Listing Committee of the Shanghai Stock Exchange. This also means that the first infant and toddler care listing company is about to be born. According to the prospectus, Runben Bio was established in 2013 and is mainly engaged in the research, development, production, and sales of mosquito repellent and personal care products. At present, it has formed three core product lines: mosquito repellent products, infant and toddler care products, and essential oil products. Data from the prospectus of Runben Bio shows that from 2020 to 2022, Runben Bio achieved operating revenues of 443 million yuan ($61.61 million), 582 million yuan ($80.94 million), and 856 million yuan ($119.04 million), respectively; net profits were 95 million yuan ($13.21 million), 121 million yuan ($16.83 million), and 160 million yuan ($22.25 million), respectively. It is worth noting that in the updated prospectus of Runben Bio on June 13th, predictions were made for the operating income and net profit for the first half of 2023. The data shows that from January to June this year, Runben Bio is expected to achieve operating revenues of 610 million yuan ($84.83 million) to 630 million yuan ($87.61 million), a year-on-year increase of 38.96% to 43.51%, while net profit is expected to be 110 million yuan ($15.30 million) to 120 million yuan ($16.69 million), a year-on-year increase of approximately 40.04% to 52.77%, reaching a new high in net profit growth. In terms of products, the main operating income of Runben Bio comes from mosquito repellent series products, infant and toddler care series products, essential oil series products, and other products. Among them, mosquito repellent products are the company's core category, with sales revenue volumes maintaining double-digit growth during the reporting period. From 2020 to 2022, Runben Bio's mosquito repellent series products achieved sales revenues of 169 million yuan ($23.50 million), 228 million yuan ($31.71 million), and 272 million yuan ($37.83 million), accounting for 38.21%, 39.14%, and 31.82% of the main operating revenue, respectively. Infant and toddler care products have been an important engine for the growth of Runben Bio's business and net profit in recent years. According to the prospectus, in 2021 and 2022, the company's infant and toddler care series products saw both volume and price increases, with sales revenue growing by 50.75% and 80.03%, and sales volume growing by 29.14% and 74.85%, respectively. Runben Bio explained that the growth in sales volume was mainly due to the company's continuous expansion and improvement of its infant and toddler care series products, launching popular products such as chapped skin cream, lip balm, Runben Dingding Soothing Stick, and anti-chapping cream. For example, Runben Lip Balm's sales volume growth rates in 2021 and 2022 reached 100.77% and 46.31%, respectively. It is worth mentioning that in 2022, Runben Bio's infant and toddler care product revenue reached 390 million ($54.24 million), accounting for 45.59% of the main operating revenue, which is the first time that the revenue and sales share of this business surpassed mosquito repellent products and officially became the largest business segment of Runben Bio. At present, Runben Bio mainly cooperates with large e-commerce platforms such as Tmall, JD.com, Douyin, Vipshop, and Pinduoduo to provide products to consumers through online direct sales, online platform distribution, and online platform consignment sales. During the reporting period, the direct contribution of online channels to sales revenue was 78.73%, 77.72%, and 78.04%, respectively. It is understood that this IPO of Runben Bio intends to issue no more than 60.69 million shares, with the actual amount of funds raised after deducting issuance costs to be used entirely for the construction of the company's fundraising projects and the working capital required for the development of fundraising projects. The total amount of funds raised is 903 million yuan ($125.58 million), of which 369 million yuan ($51.32 million) will be used for the Huangpu Factory R&D and industrialization project, and 344 million yuan ($47.84 million) will be used for channel construction and brand promotion projects.

Kiko Milano, the Italian beauty company, has appointed Cecilia Schena the company’s new chief marketing officer. Kiko Milano, the Italian beauty company, has appointed Cecilia Schena the company’s new chief marketing officer and a member of the global leadership team. She will report directly to the CEO, Simone Dominici. According to a company release, Cecilia Schena has more than 20 years of experience in the beauty industry. As the new Chief Marketing Officer of Kiko Milano, she will lead the marketing team and support the brand in accelerating growth, with a particular focus on customer experience and innovation. Dominici said: "Cecilia brings with her a wealth of knowledge on product development and marketing excellence that will be fundamental to help accelerate Kiko's growth, strengthening the brand on its path of omnichannel, as well as geographic expansion in the main beauty categories." Before joining Kiko Milano, she worked for Tenacta Group, an Italian beauty tools specialist, where she served as the head of the beauty division for the Imetec, Bellissima, and Ducati by Imetec brands. In this role, she led the development of the hair care, skincare, and men's care categories at a global level, contributing to the group's internationalization and innovation strategy. Before joining Tenacta Group, Schena held leading roles in marketing and communications at Bottega Verde and Deborah Group. Kiko Milano was founded in 1997 by Antonio and Stefano Percassi. It is controlled by Percassi's Odissea Srl holding. In 2022, Kiko Milano reported a 42% increase in net revenue, amounting to 671 million euros compared to 2021. The company's outperformance has been attributed to contributions from all business segments and geographic areas. Despite the difficult situation in China, the Asia region still managed to post a 21 percent increase in net revenue. Kiko Milano has an ambitious development plan to reach 2,000 stores by the end of 2027, expand into new markets, and strengthen its presence in Asia, Latin America, and Africa. The company aims to achieve net revenues of €1.250 billion ($1.365 billion) by the end of 2027 through this expansion plan.

Alex Davison has been appointed as the new CEO of L'Oréal Australia & New Zealand, taking over from the previous long-serving CEO Rodrigo Pizarro. L'Oréal Australia & New Zealand named Alex Davison the new CEO, taking over from the long-serving CEO Rodrigo Pizarro, who will be moving to a new strategic role within the beauty and skincare company. Rodrigo Pizarro has served as the chief executive of L'Oréal Australia & New Zealand for nine years and has been with L'Oréal for a total of three decades. During Rodrigo Pizarro's tenure as CEO of L'Oréal Australia & New Zealand, the company experienced a boost in its market share and achieved double-digit sales growth over the past three years. Pizarro, who had been leading the local business for nine years and had been with L'Oréal for three decades, will now move into a strategic role within the company. Alex Davison's new role as CEO of L'Oréal Australia & New Zealand brings with it a wealth of experience, having served as the CEO of L'Oréal Greece for the past three years, which is one of the fastest-growing markets for the company in Europe. He started his journey with L'Oréal in 2016 as the general manager of the dermatological beauty business in the UK. Before that, he gained 17 years of experience in various roles at consumer goods company Procter & Gamble and also worked at pharmaceutical giant GSK. On 4 Apr, L'Oréal announced that it has reached an agreement with Natura &Co to acquire Aēsop, the Australian luxury beauty brand. The proposed transaction values Aēsop at an enterprise value of USD 2.525 billion. L'Oréal operates in four divisions: Consumer Products, L'Oréal Luxe, Professional Products, and Dermatological Beauty. The company generated €38.3 billion in sales in the last financial year.

Revolution Beauty, the London-listed beauty company, released its Interim results for FY23 H1. The company’s revenue reached £75.3 million ($93.6 million), down 4.2%. Operating Loss narrowed to £12.1 million ($15.04 million) from £23.7m ($ 29.46 million) in H1 23. Revolution Beauty, a beauty company listed in London, announced its interim report for the first half of the fiscal year 2023, which covers the six months ending on August 31, 2022. The company's revenue for this period was £75.3 million ($93.6 million), representing a 4.2% decrease. However, the operating loss decreased from £23.7 million ($29.46 million) in H1 2022 to £12.1 million ($15.04 million) in the current period. Revolution Beauty said the decrease in operating loss was mainly due to a reduction in the stock provision charge during the period and the absence of IPO fees that were incurred in the previous year's H1. However, this improvement was partly offset by increased marketing and overhead expenses during the current H1 23 period. The revenue from UK stores for Revolution Beauty increased by 21% compared to the previous year, which was attributed to the company's new distribution arrangement with Boots and strong sales performance across Superdrug stores. Revolution Beauty's revenue from US stores remained flat, despite a recovering retail environment following the pandemic, due to the company's new distribution arrangement with Walgreen. This new partnership helped to sustain US store revenue during a challenging period for retailers. While the rest of the world store groups were down 6% year on year, due primarily to the timing of order placings. Revolution Beauty's digital wholesale revenue decreased by 22%, which was attributed to the digital sector's struggle with overstocking as brick-and-mortar retail bounced back after the pandemic. Additionally, the company's web sales declined by 8% during the same period. Bob Holt, the Chief Executive Officer, said: "Overall, performance was resilient in the first half of the FY23 financial year, and the Group narrowed previous losses and saw significant margin expansion. The half was one where our digital business was impacted by consumers moving back to bricks-and-mortar retail stores post-pandemic, but where Revolution's omnichannel retail strategy mitigated the decline, with solid retail performances in our key markets. “Our future growth is first and foremost via a global retailer strategy. Our direct-to-consumer online customer base grew in the year albeit we recognize the sentiment of a decline in online sales. As we look ahead, we remain confident, and expect single-digit revenue growth in both the FY23 financial year and the current FY24 financial year.” Bob Holt added.

Boohoo, the online fashion retailer based in Manchester and the largest shareholder of Revolution Beauty, has demanded the removal of the current leadership team at the struggling makeup retailer. The largest shareholder of Revolution Beauty, online fashion company Boohoo, has demanded the removal of top executives at the struggling makeup retailer. Boohoo owns approximately 26.6% of Revolution Beauty and has announced its intention to vote against the reappointment of the CEO, Bob Holt, Chairman Derek Zissman, and CFO Elizabeth Lake at the upcoming annual general meeting for shareholders on June 27th. Derek Zissman was appointed as the Vice Chairman and Senior Independent Director of the Company on July 12, 2021, which was the same date that the Company was listed on the Alternative Investment Market (AIM) of the London Stock Exchange. In addition to calling for the removal of top executives at Revolution Beauty, Boohoo has intended to appoint two of its non-executive directors, Alistair McGeorge and Neil Catto, as the new executive chairman and CFO, respectively, on Revolution Beauty's board. "However, as Revolution Beauty transitions to its next phase, where the focus must switch to growth, boohoo believes a senior leadership team with the right retail, e-commerce, and consumer brands experience is required to deliver shareholder value," Boohoo said in a statement. Revolution Beauty is a UK-based beauty retailer company that was established in 2014. The company offers a range of makeup, skincare, and hair care products, which are sold both online and in physical stores such as Boots, Superdrug, Ulta, and Target. On Aug 30, 2022, Revolution Beauty announced that it will suspend trading of its ordinary shares due to the failure of its auditors to complete its results on time. The suspension is related to the company's annual FY22 report, which it has been unable to complete by the August 31 deadline. On 26 May 2023, Revolution Beauty released its delayed audited financial results for the full year ending on February 28, 2022. The company reported revenue of £184.57 million ($ 227.94 million), which saw growth of 35%. While the operating losses widen by £29 million ($36.32 million) to £38.86 million ($48 million). On 2 June, released its Interim results for FY23 H1. The company’s revenue reached £75.3 million ($93.6 million), down 4.2%. Operating Loss narrowed to £12.1 million ($15.04 million) from £23.7m ($ 29.46 million) in H1 23.