Dermalogica’s Post

The future is already here, we just have to look for the signals. To me, one of the strongest signals of 'made in China' revamping its image was when I saw a Hey Tea ad on Sydney's LRT. I never imagined a brand from a tier 3 city in China in only 8 years time would end up being plastered in Sydney's CBD with people spending hours waiting in line at Haymarket for a taste. However, this is not the only signal. There are many more. Notably: 1. Florasis leading C-beauty in global markets with its store opening in Europe 2. Baijiu brands such as Moutai rank in the most valuable spirit brands in the world (Korean Soju brands lead in volume) The speed of China playing a competitive premium role depend on the weight of its baggage. For example, Mainland China does not have the same soft power as its competitors Japan and South Korea in western markets. But it is gaining momentum in Asia. #madeinchina

Insightful piece by RADII contributor Xinrou Shu on the evolution of China's retail spaces and how some companies are pioneering innovative new concepts to captivate and wow even the most fickle of Gen-Z consumers. From Shanghai to Changsha, these offline concepts are "blending retail with culture and engagement in a way that resonates deeply with China’s digital-savvy youth." "As a pioneer in “Curetail” (curated retail), TX Huaihai offers a mindful, open space where brands and artists showcase their work in an innovative setting. The center blends retail with entertainment, dining, and nightlife, creating a hub for Gen Z." Like they say, if you want to see the future of retail, visit China and experience it for yourself! https://lnkd.in/ggFBggrM #ChinaRetail #ShanghaiRetail #RADII #Chinanightlife

It’s 8.8.24 today. In China, the number 8 is considered good fortune. When you put two 8’s together, that good fortune is multiplied. Which makes it an ideal date to announce our first joint venture, and the relaunch tonight of our SKANDINAVISK Tmall Global store, now complete with our latest collections for home and body. Because, while many brands downsize their Chinese business, or exit the market entirely, we’ve decided to take a different approach. We believe in connecting Chinese citizens to our Scandinavian fragrance stories and we’ve found a local expert to partner with, ‘Skandinavisk Shanghai’ the outcome of more than twelve months’ research and preparation, and the next step in our evolution as a brand and a business. The Chinese version of our name? 极境之息 - ‘senses of the extreme land’. Alibaba Group #pressrelease #jointventure #china #shanghai  

Had my first taste of Moutai infused latte at Chengdu’s Luckin coffee. Long beloved by middle-aged Chinese consumers in business settings, Kweichow Moutai baijiu usually contains 53% alcohol and has a typical starting price of 1,500 rmb. This makes it hard to gain traction among young people, especially as youth unemployment runs high and China's consumer market has been slow to recover. Luckin, on the other hand, has been on a roll, surpassing Starbucks' sales in China for the first time in 2023. It looks like a odd partnership on first sight, but on close scrutiny, this partnership works, as it introduces young people to their first taste of Moutai baijiu, while attracting older customer segments to try out their first cup of Luckin coffee. In his book 10 types of innovation, Doblin classifies this under Network innovation, where companies partners with others to create value. Business innovation goes beyond enhancing product performance or creating complementary products and services. How are you innovating your current business? #innovation #partnership #futureofwork

Yip Kai Wan, Associate Director and Cheryl Chow, Manager, Brand & Business Development of FairPrice Group, share how leveraging consumer insights and creative branding, like their mascot, Crunchilla, boosted product virality and sales. FairPrice’s innovative approach earned multiple recognition at the FMCGAsia Awards 2024, claiming the Home Brand of the Year - Singapore, Product Launch of the Year - Singapore, and the Supply Chain Initiative of the Year - Singapore categories. #FMCGAsiaAwards #FairPriceGroup

My comprehensive plan for TeaVoila through my full scale business solutions firm Jerrit Judie Company is to deliver the first ever TeaVoila retail location by fall 2025 and a commitment to deliver 5 stores by Q2 2026 and further growth based upon performance from that point. How will JJC do this? 🔑 Strategic Planning – We’re leveraging our deep expertise in business solutions, crafting a comprehensive roadmap to scale the TeaVoila brand nationwide. 🤝 Partnership Strength – By purchasing wholesale and ensuring brand integrity, we control the quality and customer experience across all locations. 📊 Performance-Driven Growth – Store expansions will be directly tied to the success and learnings from each new location, allowing us to grow sustainably. 👥 Talent Development – We will hire and train all employees, ensuring each store upholds TeaVoila’s high standards. #BusinessSolutions #TeaVoila #RetailExpansion #GrowthStrategy

Japanese retail chain Ito Yokado plans to restructure its China operations by transforming its Beijing department store into a food supermarket and closing loss-making stores in Chengdu. Despite ongoing challenges in the retail sector, the company plans to open a new mall in Chengdu by 2028, targeting middle-income and affluent consumers. #GrowWithChina #ChinaOpportunity #RetailTrends #ChinaMarket https://lnkd.in/dDsjhq93

Shinsung Tongsang, a global supplier and house of brands, leverages EDITED™ to enhance market analysis, identify whitespace opportunities, and improve forecasting across its portfolio. Jini Kong, Director of Sales and Market Planning, explains, "Throughout the pandemic and after, consumers' needs changed. We had to be fast enough not just to follow, but to suggest options to help our retailers advance. EDITED provided us the real-time insights we needed to differentiate ourselves in the market and continue to grow." We're proud to partner with Shinsung Tongsang and empower the team with tools that transform market trends into market leadership. Learn more about our partnership: https://hubs.la/Q02-YC-S0

TANACHIRA Group, led by Mr. Tanapong Chirapanidchakul, Chief Executive Officer, signed an agreement to establish a subsidiary HARNN Greater China Company Limited in partnership with Chinese business partners to expand business and distribute HARNN products in China, Hong Kong, Macau and Taiwan in accordance with the 2024 strategic plan announced earlier this year. The establishment of the subsidiary marks a significant step forward for HARNN's operations in China, following its successful online marketing journey through Tmall Global since 2020. HARNN's products have consistently resonated with Chinese consumers, paving the way for this expansion into offline distribution channels. The strategic partnership with experienced Chinese business partners will enable HARNN to effectively tap into the provincial agent network across China. The company will grant exclusive distribution rights for each province, ensuring that products are disseminated by market experts in their respective regions. This network of knowledgeable distributors, equipped with brand-building and marketing expertise, will facilitate direct access of products to consumers. Driven by strong product demand, a huge market, experienced business partners, and TANACHIRA Group's expertise, HARNN is well-positioned for success in China. The company is aiming to achieve a 25% oversea revenue share within the next three years, with China playing a pivotal role in achieving this ambitious goal. The company is also set to send its first offline shipment of HARNN products to China in the third quarter of 2024, followed by the opening of the first HARNN Flagship Store in Hangzhou in the same quarter. These milestones mark a crucial step in TANACHIRA Group's efforts to drive the business towards regional expansion and establish HARNN as a globally recognized brand. #HARNN #TANACHIRA #TAN

Did you know that Moutai, China's national liquor, is not just a drink but a cultural phenomenon? With a valuation of $295 billion and it has the title of the most valuable liquor brand in the world! 🥃💰 Cultural Significance: Moutai is steeped in rich history, often served at prestigious events and pivotal moments in politics. It has captured the hearts of leaders and is synonymous with luxury in Chinese society. Market Dominance: Moutai's market cap has positioned it as a titan in the beverage industry—more than twice the size of Budweiser's parent company! Challenges Ahead: Moutai faces the pressing challenge of engaging younger consumers who often lean towards more affordable beverages. To tackle this, Moutai is innovating! From collaborations with trendy brands to introduce Moutai-infused lattes, to expanding its presence in over 70 countries, the brand is striving for global recognition. 🌍✨ In 2023, Moutai posted a 19% profit increase, highlighting its resilience even amidst economic challenges. This growth exemplifies its unwavering demand and loyalty among consumers. As Moutai embraces change and innovation, there's an exciting journey ahead. If it can effectively balance tradition with modern appeal, this iconic brand has the potential to capture the hearts of a wider audience worldwide. #Moutai #LuxuryBrand #ChineseBeverage #CulturalIcon#MarketDominance #GlobalExpansion #Innovation #FutureGrowth #alchohal #baverage #Moutai #LuxuryBrand #ChineseBeverage #MarketDominance #GlobalExpansion #CulturalIcon #Investment #Resilience #Innovation #MoutaiMarketing #FutureGrowth