News

Cosmoprof Asia 2016 Sees Record Numbers

Cosmoprof Asia 2016 concluded with record numbers. The event, which took place mid-November, hosted a record-breaking 650 new companies, taking its total number of exhibitors to 2,698, from 49 countries. Of that number, 1,966 finished cosmetics companies exhibited in the Hong Kong Convention and Exhibition Centre, and 732 companies, from 19 countries, exhibited at the AsiaWorld-Expo for packaging ingredients and processing equipment.

Mobile Payments Are On the Rise

Beauty retailers may want to gear up to support in-store mobile payments, as the value of mobile payment transactions is expected to exceed $314 billion in 2020, according to the latest eMarketer report, “US Mobile Payments Outlook: Strong Growth Forecast for Proximity, Peer-to-Peer Payments in 2017 and Beyond.” It’s brick-and-mortar retailers that are expected to see the highest growth in terms of proximity mobile payment transactions over the next few years.

Pacifica Beauty Receives Minority Investment From ACG

Natural-beauty products manufacturer Pacifica Beauty has received a minority investment from consumer-focused growth equity fund Alliance Consumer Growth (ACG). The investment will help Pacifica continue its product innovation and distribution expansion.

“Brook and Billy and the Pacifica team have built a truly impressive brand,” said Julian Steinberg, managing partner at ACG. “ACG couldn’t be prouder to partner with Pacifica to help fuel the next stage of their growth story.”

Sustainable Cosmetics Summit Addresses Industry Concerns

Chemicals in personal-care formulations, and resource and carbon management were among the industry concerns addressed during the Asia-Pacific and European editions of the Sustainable Cosmetics Summit, which took place Nov. 14-15 in Hong Kong and Oct. 24-26 in Paris, respectively.

Here are the highlights:

Environmental Impact:

Amazon Cracks Down On Fake Customer Reviews

Shoppers depend on product reviews more than ever, and e-commerce company Amazon recognizes that its customers’ purchases weigh heavily on reviews. As a result, the e-tailer has made updates to its customer reviews policy to ensure that its shoppers are experiencing the most authentic product reviews possible.

Amazon has reportedly sued hundreds of people and companies in recent years that provided fake reviews on its site for a fee or purchased them.

StyleCon 2016 Recap!

StyleCon 2016 was a lively event! On Saturday, November 5, thousands of beauty enthusiasts made their way to the Hangar at the OC Fair for the 10 a.m. opening. Paying anywhere from $39 to $300 for entry, pampering and generous swag bags, consumer attendees enjoyed exploring the latest in beauty and fashion—and making purchases at discounted prices. We saw a number of interesting new and emerging beauty brands—including family-owned and operated natural men’s grooming brand, Dapperman, as well as Daily Concepts, which offers innovative bathing products with an eco-friendly slant.