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18 Jul

S’Young International, a recent Chinese cosmetic giant?

by Beautifaire101
Beauty, Featured
“Prior to now, S’Young Group was more driven by the twin business of operating self-owned brands and helping foreign brands to raised distribute in China”, says Juliette Duveau, the co-founder of consulting agency The Chinese Pulse. However the group founded in 2018 is not any longer content with its role of distribution partner in China. Last 12 months, S’Young purchased French brands Pier Augé and EviDenS de Beauté. “We can foresee that S’Young will integrate the international channels and R&D techniques of those two French brands, paving the method to the international marketplace for its other self-owned brands in the longer term”, she adds. These equity acquisitions of foreign brands also contribute to upgrading the group’s image, from Middle-Low end to more...
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11 Sep

Chinese Face Mask Giant Syoung Group Invests in Skin

by Beautifaire101
Beauty, Featured
SHANGHAI — Syoung Group, a well known Chinese facial mask company, recently announced a ten million renminbi, or $1.4 million, investment in Dermdoc, an Hangzhou-based functional skincare brand. The seed round funding was announced on Dermdoc parent company Songyang’s official Wechat account. The investment in Dermdoc underscroes Syoung Group’s ambition within the area of interest skincare space. Syoung Group, the owner of Uniforn, a successful mass-market facial mask brand, recently acquired the high-end French skincare brand Evidens de Beauté for 49.5 million euros. Per week prior to the Evidens de Beauté acquisition, Syoung Group took a minority interest in French area of interest skincare brand Pier Augé for 3.5 million euros, which incorporates the acquisition of its China business. Syoung Group became a publicly listed...
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