SMIC Shares Rally as Q2 Profit Surges 262% on Strong Chip Demand 
European Stocks Steady as U.S.-Iran War, Euro Zone Data Keep Investors Cautious 
Samsung, SK Hynix Shares Surge on Report of Potential Temasek Investment 
Australia Sets New Minimum Pay, Insurance Rules for Gig Workers 
Sanrio Shares Plunge as Q1 Profit Miss Overshadows Strong Sales 
Gold Prices Slip From 10-Week High as Fed and Hormuz Risks Shape Outlook 
Paramount Weighs CNN Sale as $110B Warner Bros. Discovery Deal Faces Antitrust Fight 
Antofagasta Shares Drop 5% as Miner Cuts 2026 Copper Production Forecast 
Asian Currencies Edge Higher as Soft US Inflation Weighs on Dollar 
Wall Street Hits Record High as Softer Inflation Data Eases Fed Rate Hike Fears 
Japan Government Backs Earlier BOJ Rate Hike as Inflation Pressures Build 
Pandora Shares Rise as Q2 Results Beat Forecasts, 2026 Outlook Raised 
European Stocks Rise as U.S. Inflation Data Eases Fed Rate Hike Fears 
Trump Imposes New US Tariffs on Drone Imports Over National Security Concerns 
Cisco Forecasts Strong Fiscal 2027 Growth as AI Networking Demand Surges 
Bill Ackman’s Pershing Square Returns to Netflix With Major New Stake 
Oil Prices Fall as U.S. Crude Inventories Surge and Hormuz Tensions Persist 
Add as a preferred source on Google
South Korea's top cosmetics manufacturer, Amorepacific Group, has inked a strategic memorandum of understanding (MOU) with A.S. Watson Group, the operator of Watsons' health and beauty retail chain in Asia and Europe. The collaboration aims to elevate the international presence of Amorepacific's renowned and lesser-known beauty brands through A.S. Watson's expansive retail network.
As per Yonhap News Agency, with the agreement, Amorepacific and A.S. Watson Group will work together to help grow the former's beauty brands that are already being sold in various A.S. Watson's platforms such as Etude, Innisfree, and Mise-en-Scene.
In addition, the partners will also cooperate so other little-known brands of Amorepacific, like Illiyoon and Aesotura, could enter the international cosmetic market. Since the Hong Kong-headquartered health and beauty retailer has a wide distribution network in some major markets, it would be easier to achieve this goal.
Amorepacific revealed its latest deal with the Watson Group on Tuesday, June 27. The company further explained that the MOU aims to expand its business on the global scene.
The signing ceremony was held last week at Amorepacific Group's main office in Seoul. It was attended by A.S. Watson Group Asia and Europe's chief executive officer, Malina Ngai, Amorepacific's chief, Lee Sang Mok, and other company executives from the two companies.
Finally, Amorepacific and Watson Group's cooperation will include sharing market and customer data, development and implementation of marketing initiatives, and joint creation of brands and products, The Korea Economic Daily reported.
"This MOU will create synergies based on the strengths and expertise of both companies, enabling effective responses to the diverse needs of global beauty customers," CEO Lee stated
Watson Group's chief Ngai added, "Through this partnership, more global customers will have the opportunity to encounter and experience exceptional beauty products inspired by the beautiful Korean culture."
