Berlin studio Look Labs has collaborated with Canadian artist Sean Caruso to launch a digital fragrance encoded into non-fungible token (NFT) artwork to accompany a limited rollout of its unisex perfume, a move it says is a nod to the future of prestige beauty. Read more
Category Archives: retail
As the fine line between beauty and wellness continues to blur, companies are increasingly looking to acquire or invest in brands that link the two.
Nestlé has entered into an agreement with KKR to acquire the core brands of The Bountiful Company for $5.75 billion. The deal includes the Nature’s Bounty, Solgar, Osteo Bi-Flex and Puritan’s … Read more (Food Business News)
Are biomaterials the future of beauty packaging?
A report by strategic foresight consultancy The Future Laboratory, notes that the cosmetics industry creates 120 billion units of packaging a year and predicts that by 2050, the beauty industry will have contributed up to 12 billion tonnes of plastic to landfill.
In an effort to combat the plastic problem, a number of beauty brands are using innovative biomaterial alternatives. Below, we explore some of the most interesting solutions yet. Read more (Wallpaper)
Why The Chinese Gen-Z Demand For Local Brands Is Growing
ecently, the Chinese lifestyle app RED launched its “2020 RED Yearly Beauty Insight Report,” which showed that the number of views on the app related to domestic brands increased by 66 percent over the first half of 2020, garnering the highest year-on-year growth amongst sectors globally. Emerging domestic brand Colorkey experienced the most explosive growth, seeing an 8,529-percent increase in viewership. Although Western beauty brands still dominate RED with the highest percentage of content views, they have fallen slightly from 63.2 to 62 percent during the period. Views of overseas brands from Japan, Korea, and Thailand have also dropped — from 31.4 to 30.2 percent. Read more (Jing Daily)
The Future of Space 2021
It is clear that we leveraged technology to our benefit during COVID-19 lockdowns. Tech was a welcomed lifeline that we will continue to engage to augment our lives or lean on as a crutch as we begin to hesitantly re-enter public spaces. Our fears will turn toward each other as we gauge who we can trust. How that will play out in a world that continues to be raw and divided needs to be understood. What remains unknown is the role of alternate reality spaces and how it will interplay with our lives. Read more
Emerging geographies For Luxury in China – Looking Beyond Tier One Cities
According to Deloitte and Secco, Tier-1 and Tier-2 cities account for 56 percent of luxury goods consumption. However, growing disposable income levels, partly attributed to lower living costs, particularly in North and Southwest China provinces, will open up the luxury market to millions of new consumers. Digital avenues connect these new consumers to the luxury universe. And investments in infrastructure will also create a positive environment (it is no coincidence that Tesla targeted lower-tier cities like Weifang and Linyi when opening its new centers). Read more (Jing Daily)
The Shape of Health
Sushi Singularity is a Japanese restaurant set to open in Tokyo that aims to revolutionize sushi and the restaurant experience by 3D-printing meals.
Customers who make reservations will have to submit a kit with biometric samples to determine what nutrients should be in their meal. Read more (My Modern Met)
Amazon Is Opening a Hair Salon
Showcasing a selection of bestselling professional hair care products, the salon will also test new point-and-learn technology, where customers can simply point at the product they are interested in on a display shelf and the relevant information, including brand videos and educational content, will appear on a display screen. To order the products, customers can scan the relevant QR code on the shelf to visit the product detail page on Amazon.co.uk and purchase, with delivery direct to their home. Read more
Gizmodo
is Deliveroo killing restaurant culture?
“In a world where consumers want more, better and faster, we think Deliveroo is doing a good job,” concluded a report by the private investment bank Berenberg earlier this month. Plenty of people who make money from money are betting that Deliveroo is on a long-term path to profitability, even if its current set-up pushes the company further into the red with every order. “We truly believe we are still getting started,” declared Deliveroo’s founder, Will Shu, in a letter to prospective shareholders. “Join us on the journey.” But what is that journey’s ultimate destination? And what will the implications be – for the way we eat, the livelihoods of those who feed us and the future of our neighbourhoods – once we arrive? Read more (The Guardian)
Why Grocery Shopping Is on Its Way Out
The way Canadians get their food is changing. Our grocery industry—which currently employs over 300,000 people and is valued at $97.5 billion according to Canadian Grocer—is in an arms race to modernize for a digital era. More and more customers expect the convenience of needing to think far less about their groceries, and work less to get them, than they ever have before. What’s less clear is the ripple effects this will have on our daily lives, our communities, our health, and our workforces. Read more (TheWalrus.ca)
