Core Insights - The "Wanqi Chengyang" new commercial development alliance was established to promote cross-regional cooperation in commercial services and brand growth from regional to national levels [1][3] - The alliance includes six economically strong districts and aims to enhance resource sharing and collaboration among major commercial entities [3][5] - Reports on consumer trends and ESG (Environmental, Social, and Governance) practices were released, highlighting the evolving landscape of consumer expectations and corporate responsibility [6][11] Group 1: Alliance and Events - The "Wanqi Chengyang" alliance was initiated by six districts, with the first rotating leadership held by the Zhencheng District of Foshan [3] - The alliance has organized four major exchange events and established a resource database that includes 11 major commercial circles and 48 leading brands [3][5] - The second rotating leadership will be held by the Yuzhong District of Chongqing, focusing on attracting investment and providing comprehensive services to businesses [5] Group 2: Consumer Trends and Market Insights - The 2025 Guangdong Commercial ESG report indicates that nearly 60% of companies have established ESG leadership at the board level, with 40% incorporating ESG performance into management compensation [11][12] - Consumer behavior is shifting towards a focus on quality-price ratio, with an emphasis on emotional value driving consumption growth [12][14] - The 2025 High-Quality Consumption Brand TOP100 report shows that over 200 brands are distributed across more than 20 provinces, with significant growth in the beauty and outdoor sectors [14][15] Group 3: Company Performance - The top 100 Guangdong chain enterprises reported a total sales of 537.6 billion yuan, a slight decline of 1.1% year-on-year, while the number of stores increased by 7.1% [15][17] - Meiyijia topped the list with a sales figure of 55.9 billion yuan and 37,900 stores, leading the Guangdong chain industry [17]

Core Viewpoint - Lehua Entertainment has quietly exited its partnership with Huaxi Biological, with the latter announcing the withdrawal of Tianjin Yihua Management Consulting Co., Ltd. from the shareholder list of the children's skincare brand Runxihe, effective July 10, 2025. The collaboration was initially based on the founders' insights into their daughters' skincare needs, but the operational model did not meet expectations, prompting the decision to part ways [1][13]. Company Summary - Huaxi Biological's announcement highlighted that the original intention behind the Runxihe brand was to leverage the strengths of both companies in skincare active ingredients and cultural entertainment to create a children's skincare brand. However, the operational model failed to reflect the founders' original vision, leading to the decision to adjust the partnership [1][13]. - Lehua Entertainment confirmed its focus on core business development and IP expansion following the amicable agreement with Huaxi Biological. The company previously held a 50% stake in Runxihe [4][13]. - The Runxihe brand, launched in 2019, was part of a joint venture established in 2023, coinciding with Lehua Entertainment's IPO in Hong Kong. The brand aimed to tap into the beauty market, which was seen as a potential growth area for Lehua [16][17]. Industry Summary - The children's skincare segment has emerged as a lucrative area for domestic beauty brands, with several companies entering the market, including Betaini with "Winona Baby" and Shanghai Jahwa with "Qichu." The market has seen rapid growth, with brands like "Turtle Dad" and "Kangaroo Mom" gaining significant traction [18]. - Despite the initial promise, Runxihe's performance has not met expectations, as indicated by Huaxi Biological's recent quarterly reports, which did not mention the brand's performance or product lines. The company has been undergoing significant organizational changes since late 2022, which may have influenced the decision to exit the partnership [17][18].

Core Viewpoint - The article highlights significant personnel changes in the beauty industry, indicating a shift towards a research-driven, globalized, and organizationally transformed competitive landscape, with three main focal points: the emergence of new roles, expanded responsibilities for foreign beauty giants in the Chinese market, and widespread organizational restructuring [2][3][26]. Group 1: Emergence of New Roles - Over 75 key positions have changed among 25 leading beauty companies in the first half of 2025, with a notable rise in roles focused on digitalization, research, innovation, and marketing communication, reflecting the industry's future direction [2][6]. - Estee Lauder has created three new positions, including Chief Digital and Marketing Officer, Global Scientific Sleep Advisor, and President of the Makeup Brand Group, indicating a strategic shift towards integrating scientific expertise into product development [8][10]. - L'Oreal has appointed a Chief Innovation and Strategic Outlook Officer to oversee innovation teams and strategic foresight, emphasizing the importance of future-oriented innovation in the beauty sector [12]. Group 2: Expanded Responsibilities in the Chinese Market - International beauty companies are elevating their China market leaders to global decision-making roles, marking a significant shift in strategic positioning [14][24]. - Estee Lauder's new CEO has made substantial adjustments, including promoting the China President to the global management team, breaking previous decision-making chains [15][16]. - Shiseido has appointed a dual-role CEO for China and travel retail, merging management of these two growth engines to maximize synergies [17][19]. Group 3: Organizational Restructuring - The beauty industry is undergoing a deep transformation, moving from high growth to high-quality growth, as evidenced by widespread organizational changes [3][26]. - Companies are restructuring their organizational frameworks to enhance the integration of research and market strategies, with a focus on consumer needs [36][37]. - Estee Lauder's new strategy involves a significant operational transformation, restructuring brands by categories for better management and growth [31][34].

智通财经记者 | 陈奇锐 智通财经编辑 | 楼婍沁 智通财经通过天眼查App上的电话号码尝试与苏州爱尚取得联系，但均无法拨通。 根据天眼查App，苏州爱尚化妆品有限责任公司在2025年7月10日正式注销。该公司成立于2010年11月，法定代表人为黄永丰，以销售化妆品、日用百货、 预包装食品和提供商业信息咨询为主要的业务。 苏州爱尚曾经尝试过延展新业务，例如推出自有美妆集合店品牌"Y&M Beauty伊妍悦色"，强调体验式销售与会员服务。但受限于门店拓展缓慢的原因，最 后即没有形成规模，也无法为公司带来新的业绩增量。 作为一家以代理为主业的公司，苏州爱尚经手过的品牌包括法国天芮、御泥坊、女人宣言和珂莱欧，以苏州、无锡和南京等苏南城市为主要经营区域。根据 美妆行业媒体"聚美丽"，其在2017年将珀莱雅在苏南市场的超商渠道和门店渠道销售额推升至6000万元，成为品牌的前五大客户。 这是苏州爱尚在行业里最出圈的事迹之一，同年销售网点超过700个，其中超商和百货网点过百。 "当时美妆的销售渠道丰富程度不高，电商刚处于起步阶段。"商业地产管理公司汉博商业上海公司董事长杜斌告诉智通财经，"出于规避假货的心态，消费 者通常选 ...

Group 1 - The third China International Supply Chain Promotion Expo (Chain Expo) is being held in Beijing, featuring over 230 companies including Nvidia, L'Oreal, Schneider Electric, and Medtronic, emphasizing the importance of supply chain collaboration [1][2] - The Chain Expo serves as a platform for enhancing communication and cooperation among enterprises, focusing on the theme of supply chain [1] - L'Oreal's North Asia and China Public Affairs President highlighted the strategic role of the Chinese market in building a robust, efficient, and sustainable global supply chain [1][3] Group 2 - Nvidia's CEO announced the resumption of H20 chip sales in China, emphasizing the significance of the Chinese market as the second-largest technology market globally [3] - The CEO of Medtronic expressed confidence that China will become the largest medical market and an important source of innovation, showcasing a locally developed heart pacing catheter at the expo [3][4] - L'Oreal's initiatives in China, such as the upgrade of the two-dimensional barcode application guide, are enhancing global supply chain traceability and expanding their suppliers' businesses internationally [4][5]

Group 1: Overview of the Supply Chain Expo - The third China International Supply Chain Promotion Expo opened in Beijing, covering over 120,000 square meters with participation from over 650 global enterprises and institutions from 75 countries and regions, including a 35% share of foreign exhibitors and 60% of Fortune 500 companies [1] - The expo highlights the transformation of supply chains from simple linear models to complex ecological networks, emphasizing a shift from transactional relationships to collaborative partnerships among supply chain leaders and partners [1] Group 2: Innovations and Collaborations - Xinwanda showcased a magnetic levitation conveyor line that enhances production efficiency and product quality while achieving core technology localization [2] - Shandong Innovation Group, in collaboration with Apple, developed aluminum-plastic cleaning and separation equipment, contributing to the launch of the carbon-neutral Mac Mini [2][4] - Apple has invested $20 billion in smart and green manufacturing in China over the past five years, aiming to deepen cooperation with local suppliers and enhance innovation capabilities [4] Group 3: Siemens' Role in Global Supply Chains - Siemens operates in over 200 countries and regions, serving more than 400,000 customers, with a comprehensive ecosystem in China comprising 20 R&D centers and 24 manufacturing bases [5] - Siemens provides a full-spectrum solution for Chinese enterprises facing challenges in overseas expansion, including technology, strategy, funding, and information security [6] - The Xcelerator platform by Siemens has attracted over 450,000 registered users in China, enhancing collaboration across various sectors and improving supply chain resilience [7] Group 4: L'Oréal's Supply Chain Strategy - L'Oréal operates 32 beauty brands in China, supported by a logistics network that ensures 99% of consumers receive their packages within an average of 2.4 days [9][10] - The company collaborates with over 1,600 suppliers to create an efficient and intelligent supply chain ecosystem, emphasizing co-creation and innovation [12] - L'Oréal's "Big Bang Beauty Technology Co-Creation Program" has attracted over 2,000 innovative companies, resulting in more than 60 projects [12] Group 5: Digital Transformation in the Daily Chemical Industry - The Day Chemical Intelligence Cloud platform integrates resources across the entire industry chain, involving over 6,000 partners and 2,000 platform users [13] - The platform has achieved a transaction scale exceeding 6 billion yuan, demonstrating the multiplier effect of shared cooperation [15] - The dual empowerment mechanism is reshaping the value distribution landscape in the daily chemical industry, helping small and medium enterprises reduce procurement costs by an average of 8% and shorten order delivery cycles by 20% [15]

Group 1 - The core viewpoint of the article emphasizes that physical stores are regaining value, but this is only effective for certain players in the market [1][3] - In the 2024 holiday season, physical store sales in the U.S. are projected to reach an impressive $776 billion, accounting for 80% of total retail sales, reflecting a 3% year-over-year growth [1] - Brands like Abercrombie & Fitch have shown resilience, achieving a 16% net sales growth in 2023, indicating that well-designed stores can drive brand growth [1] Group 2 - Despite the resurgence of physical store value, challenges such as market uncertainty make many brands cautious about expanding their physical presence [3][4] - The article identifies three major challenges for physical store expansion: rising construction costs (up 30% since pre-pandemic), labor shortages (74% of retailers facing frontline employee shortages), and tight cash flow due to pandemic impacts [6][8] Group 3 - To overcome these challenges, the article suggests three strategies for transforming and upgrading physical stores: 1. Focus on consumer insights to reconstruct the shopping journey, utilizing AI to analyze customer behavior and optimize store layouts [5] 2. Establish a rapid testing and iteration mechanism for innovation, allowing brands to validate new retail concepts at minimal costs [6] 3. Implement cost-effective and efficiency-driven store renovation plans, including modular design and collaboration with innovative suppliers to reduce preparation time [12] Group 4 - The future outlook indicates that transforming the perception of physical stores from cost centers to revenue-generating engines is crucial for brands willing to invest in future-oriented store design and operations [9]

2025年7月17日，上海——全球美妆巨头欧莱雅亮相2025IMCAS(英卡思)中国大会，首度在中国线下发布"新龄 美"(The Beauty of Longevity)理念。大会期间，欧莱雅还特别策划了以"长寿革命：美妆科学新前沿"为主题的圆 桌论坛，同时深度参与多个学术分论坛，和医生学者、行业专家一同探索科技与美学交融的无限可能。 社会经济：借美之力，赋能社会生命力 当熟龄社会的轮廓逐渐清晰，新需求和新挑战也在悄然萌发，一边是熟龄经济的无限蓝海，一边是代际沟通的 共鸣缺失。兰珍珍表示："如果我们把'新龄美'想象成一棵生命之树：科学健康是它扎根土壤的根须，文化观念 就是它向上生长的枝干，社会经济则是它繁密茂盛的枝叶。" 欧莱雅中国"新龄美"理念发布会现场 三大维度——欧莱雅演绎"新龄美"元变革 "新龄美"的提出，是欧莱雅对"美"的一次结构性重构——以美为支柱，从科学健康、文化认知以及社会经济三 个维度，进一步探讨"长寿"与"美"的联结。 科学健康：以肌肤证长寿，让身心美共鸣 科学的突破性进展，将人类带入了一个前所未有的长寿纪元。生命刻度的延长，也正在重塑我们对美以及衰老 的认知。欧莱雅北亚研发和创新中心副总 ...

来源：环球网 【环球网报道 记者 李青云】7月16日至20日，第三届中国国际供应链促进博览会（以下简称链博会）在 北京中国国际展览中心顺义馆举办。记者深入3号馆健康生活链展区，亲身感受到这里中外企业携手共 进、创新合作的蓬勃活力。 外国展商点赞中国供应链 本次链博会，不少外国参展商选择与中国合作方或者中国供应商一同参展。 星巴克中国连续第三届参展。展台上，星巴克携手战略合作伙伴远景，联合供应商伙伴结成减碳联盟， 聚集全链绿色力量，打造面向未来的可持续供应链。此外，星巴克即饮业务首次登陆链博会展台，全面 展示从创新、采购、生产到分销的本土化产业链布局。 作为唯一参展的外资美妆企业，首次登上链博会舞台的欧莱雅，展示日化及美妆产业链的创新能力和合 作成果。在展台看到，欧莱雅旗下多个品牌的护肤品、香水等产品外包装均已添加二维码标识，只需扫 码，就能追溯到产品的物流、生产工厂及成分信息。 "欧莱雅在中国生产的化妆品，除了满足中国市场的需求外，还出口到了其他国家。"欧莱雅现场工作人 员向记者介绍，目前公司62%的销量都来自中国两家工厂生产的产品，欧莱雅去年还在中国建成了全球 第一家智能运营中心，每小时可处理超7000个消 ...

Core Insights - PUIG Group reported a net revenue of €2.299 billion (approximately ¥191.74 billion) for the first half of 2025, reflecting a year-on-year growth of 7.6% [1] - All departments and regions of the group achieved positive growth, with the Asia-Pacific region showing the highest growth rate of 16.5% [1][11] - The fragrance and fashion segment, the largest business unit, generated a net revenue of €1.685 billion (approximately ¥140.52 billion), marking an 8.6% increase year-on-year [2][4] Financial Performance - The fragrance and fashion segment accounted for 73% of the total revenue, with a net income of €1.685 billion for H1 2025, up 8.6% year-on-year [2][3] - In Q2 2025, the fragrance and fashion segment reported a net income of €788 million (approximately ¥65.56 billion), with a year-on-year growth of 6.7% [4] - The makeup segment generated a net income of €339 million (approximately ¥28.26 billion) for H1 2025, reflecting a 2% year-on-year increase [4][5] - The skincare segment achieved a net income of €276 million (approximately ¥23.02 billion) for H1 2025, with an 8.6% year-on-year growth [5] Regional Performance - The EMEA region (Europe, Middle East, and Africa) remains the largest sales area for PUIG, generating €1.199 billion (approximately ¥100.04 billion) in H1 2025, a 3.6% year-on-year increase [8][9] - The Americas region reported a net income of €867 million (approximately ¥72.33 billion) for H1 2025, with a year-on-year growth of 10.9% [10] - The Asia-Pacific region, the fastest-growing area, achieved a net income of €234 million (approximately ¥19.51 billion) in H1 2025, up 16.5% year-on-year [11] Future Outlook - PUIG Group anticipates a full-year net revenue growth of 6%-8% for 2025, with adjusted EBITDA margins expected to remain stable compared to the previous year [12][13] - The company acknowledges a potential slowdown in growth rates, influenced by the overall global beauty market trends [12][14] - The CEO highlighted the importance of the fragrance and fashion segment, which has historically contributed over 70% of total revenue, in sustaining the company's growth trajectory [14][16]