Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Thailand Inflation Remains Negative for 10th Straight Month in January 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
Instagram Outage Disrupts Thousands of U.S. Users 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
Amorepacific, a South Korean cosmetic manufacturer, announced on Tuesday, Sept. 20, that it would be selling a 60% stake in its Pacific Package beauty packaging firm to AUTAJON Group, a French company specializing in packaging and labels.
Amorepacific said that the deal is a strategic move to deepen the partnership between its packaging subsidiary and the French firm. Likewise, the sale is part of the plan to enhance the company’s ties with AUTAJON.
As per Yonhap News Agency, the Korean cosmetic giant did not disclose the details, including the financial terms of the sale deal. However, it said that it would be keeping the remaining 40% stake in Pacific Package, which makes and supplies its packaging and labeling materials for its cosmetic line.
Amorepacific believes that the agreement will definitely boost and advance its business cooperation with AUTAJON Group. In addition, this will provide a new growth push for Pacific Package since it is expecting to get more clients through its French partner. It also hopes to explore new business opportunities through one of the leading European packaging maker.
AUTAJON itself has an impressive list of clientele for its product packages and labels, such as Christian Dior, Chanel, and Chloe, high-end global fashion houses. In any case, Amorepacific is doing business more aggressively in an effort to seek new markets and tie-ups amid its sagging presence in China, which is its primary market.
Pulse News mentioned that Amorepacific’s Pacific Package is based in Cheonan, and it produces premium shopping bags and cosmetics packaging. From the purchase of raw materials to printing and laminating, the company does all the processes in its facility.
“This collaboration with AUTAJON will be an opportunity for PacificPackage to ensure the highest level of competitiveness in technology, manufacturing, quality, and overall logistics as well as lay the foundation to further expand into the global market,” Amorepacific said in a statement. “In addition, PacificPackage will be able to identify additional customers through AUTAJON, allowing the partnership to become a new growth engine for the sustainable growth of PacificPackage.”
Meanwhile, Amorepacific’s Pacific Package and AUTAJON have been doing business since 2015. They signed a memorandum of understanding (MOU) and have been maintaining close cooperation and this latest deal is only to further strengthen the partnership.
