News

1. Ospree Duty Free (MTRPL) and King Power Singapore have formed a new joint venture called King Power Ospree Pte. The move underlines the expansion ambitions of Ospree Duty Free, the recently rebranded retail venture of Mumbai Travel Retail Pte LTD (MTRPL) (formerly Mumbai Duty Free), It is a joint venture between Flemingo TravelRetail and Adani Airport Holdings Ltd.

2. Eze Perfumes, the Indian Fragrance brand owned by fragrance maker Sawai Fragrance, enters the U.S. market with a retail network in the U.S. in addition to its online business, and products are sold in more than 400 perfume specialty stores and 100 duty free stores in South America.

3. According to the information provided by the RBC website, the government of the Russian Federation has decided to expand the list of cosmetics subject to a 35% tariff. The new list includes cosmetics imported from Spain, Japan, Germany and Poland.

4. Emma Roberts becomes KikoMilano's first global brand ambassador to expand its global reach. The brand has recently been majority owned by LCatterton.

5. L 'Occitane Travel Retail presents its portfolio of travel retail brands in TFWA Asia Pacific, including L 'Occitane, Elemis, Sol de Janeiro and Melvita. While focusing on the best-selling product lines of its key brands and upcoming innovations, L 'Occitane Travel Retail will also take the opportunity to introduce new senior team members, underlining its determination to continue to grow and strengthen its global travel retail business.

6. According to a recent analysis by Kline+Company, the medical dispensing skincare market has experienced significant development in recent years, overcoming economic uncertainty to achieve growth in all major markets. The global market has grown by a staggering 15% since 2020, with North America remaining the largest and fastest growing market, followed by Latin America. Within the competitive landscape, major industry players such as Skinceuticals, Zo Skin Health and Obagi continue to consolidate their global presence through strategic distribution protection, innovative product launches and refined marketing strategies. At the same time, emerging competitors such as Alastin are rapidly expanding their footprint, targeting important medical skincare markets such as Mexico, the United Kingdom and Australia. In this dynamic landscape, local brands such as AlumierMD of Canada and DMK of Australia have also seized the opportunity to intensify the fierce competition in their respective markets.