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Korean Cosmetics Giants Embrace ‘Hands-Off’ Approach in Indie Brand Acquisitions

SEOUL, Sept. 9 (Korea Bizwire) – K-beauty products are rapidly gaining popularity worldwide, and a wave of mergers and acquisitions is sweeping through South Korea’s cosmetics industry. In a notable trend, established cosmetics conglomerates are acquiring indie brands while promising to maintain their independence, a strategy that’s drawing significant attention. Shinsegae International recently announced its decision [...]

Shinsegae International Sells Sneakers Made Through Collaboration with Snoop Dogg

SEOUL, Feb. 2 (Korea Bizwire) — South Korean fashion and cosmetics retailer Shinsegae International Inc. unveiled new sneakers made through a collaboration with American hip-hop artist Snoop Dogg. The company said it will start selling #PLEINDOGG, a sneaker collection that Swiss luxury sportswear brand Philipp Plein developed in collaboration with the U.S. rapper. Philipp Plein, [...]

Shinsegae International Acquires Exclusive Rights to Laura Mercier in Korea

SEOUL, Dec. 12 (Korea Bizwire) — Fashion and cosmetics retailer Shinsegae International Inc. said Monday it has acquired the exclusive domestic license from French cosmetics brand Laura Mercier, as it seeks to expand its imported cosmetics business. Laura Mercier, founded in 1996 by a French makeup artist of the same name, is sold in some [...]

Shinsegae International Donates Crayons Made from Recycled Lipstick

SEOUL, April 1 (Korea Bizwire) — South Korean fashion retailer Shinsegae International Inc. said Thursday it has donated crayons made from recycled lipstick to Child Fund Korea, a Seoul-based charity. The crayons were made with 16,940 used lipsticks. Two lipstick tubes can create one crayon. Some 2,700 sets of crayons including 1,700 sets of lipstick [...]