Japanese cosmetics giant Shiseido has revealed the composition of the new executive committee that will lead the group in the EMEA region, as it seeks to reach the objectives set out in its Vision 2020 strategic plan.
On wasteland once used for earthquake drills in the small town of Otawara north of Tokyo, Japan's Shiseido has built its first domestic factory in 36 years, hoping to capitalise on a boom for "Made in Japan" cosmetics.
The brand general manager of Parfums Christian Dior is succeeding Laurent Boillot as head of Guerlain at the beginning of November. According to AFP, Boillot will take over at cognac brand Hennessy in 2020.
Alibaba Group Holding Ltd will buy e-commerce business Kaola from Chinese gaming company NetEase Inc for $2 billion, adding a platform that specializes in supplying luxury goods from abroad to Chinese consumers.