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L’Oreal Groupe, together with Hotel Shilla and Anchor Equity Partners, launches SHIHYO, a newly created luxury beauty brand

SHANGHAI, Nov 21, 2022 - (ACN Newswire via SEAPRWire.com) - L'Oreal Groupe, together with Hotel Shilla and Anchor Equity Partners, is launching a newly created luxury beauty brand 'SHIHYO' through Loshian, a third-party joint venture. This is the first time L'Oreal is launching a new beauty brand through a joint venture."SHIHYO" is a new luxury beauty brand launched by L'Oreal Groupe, together with Hotel Shilla and Anchor Equity Partners through a joint venture LoshianSHIHYO, which means "the wisdom of time," is a newly created skincare beauty brand inspired by the Asian wisdom of the 24 seasons. SHIHYO embodies the healthy energy of nature, powered by herbal sciences.The new brand is based on the naturality of 24 herbal ingredients harvested at the peak of each season, combined with proven efficacy based on scientific research and innovation. All formulas include the signature ingredient called ShiHyo24, a patented, nutrient-rich concentrate of the 24 herbal ingredients infused with fermented rice water and ginseng water.SHIHYO offers 24 different types of ampoules featuring 24 herbal ingredients, along with other skincare products such as facial cleanser, essence, and cream, as well as scalp care products such as shampoo and conditioner.SHIHYO leverages L'Oreal's longstanding beauty expertise, Hotel Shilla's luxury retail channels, and Anchor's robust financial business model. SHIHYO's 1st flagship store, the "Seoul Garden," will open in the coming months at The Shilla Seoul Hotel in Korea, with the ambition of engaging with consumers and offering an immersive experience with an extensive luxury beauty product range.Cyril Chapuy, President of L'Oreal Luxe, said, "L'Oreal LUXE is very pleased to announce the launch of SHIHYO through a partnership with Hotel Shilla and Anchor Equity Partners. Rooted in an exceptional traditional wisdom and knowledge of naturality, SHIHYO represents the epitome of Asian luxury beauty. Empowered by science, SHIHYO delivers the highest skincare quality thanks to its signature patented ingredient, offering the most elevated luxury beauty experience."In-Gyu Han, COO of Hotel Shilla, said, "SHIHYO is a luxury beauty brand that brings out the best of naturality and efficacy with seasonal ingredients directly sourced from local farmers in Korea. With our rich retail expertise married with L'Oreal's strong brand building capabilities, we believe SHIHYO will elevate the desire for natural, luxury beauty in Asia."Sanggyun Ahn, Managing Partner of Anchor Equity Partners, said, "We are glad to join this partnership to support the growth of the most unique brand in Asia and globally. We have full confidence that SHIHYO will meet the discerning consumers' needs with new luxury beauty routines."About L'Oreal GroupeFor over 110 years, L'Oreal, the world's leading beauty player, has devoted itself to one thing only: fulfilling the beauty aspirations of consumers around the world. Our purpose, to create the beauty that moves the world, defines our approach to beauty as inclusive, ethical, generous and committed to social and environmental sustainability. With our broad portfolio of 35 international brands and ambitious sustainability commitments in our 'L'Oreal for the Future' programme, we offer each and every person around the world the best in terms of quality, efficacy, safety, sincerity and responsibility, while celebrating beauty in its infinite plurality.With 85,400 committed employees, a balanced geographical footprint and sales across all distribution networks (e-commerce, mass market, department stores, pharmacies, hair salons, branded and travel retail), in 2021 the Group generated sales amounting to 32.28 billion euros. With 20 research centers across 11 countries around the world and a dedicated Research and Innovation team of over 4,000 scientists and 3,000 tech professionals, L'Oreal is focused on inventing the future of beauty and becoming a Beauty Tech powerhouse. More information on https://www.loreal.com/en/mediaroomAbout L'Oreal North Asia ZoneL'Oreal North Asia Zone was established in 2021 as L'Oreal Groupe regrouped the geographical scope of its zones to give greater coherence to consumer behaviour and to create synergy within the region. The North Asia Zone comprises of five geographically and culturally connected markets of Mainland China, Hong Kong, Taiwan, Japan and South Korea.L'Oreal North Asia Zone is the second largest region within the Group, accounting for 30.5% of the Group's global sales in 2021. Situated in the most beauty intense region with more than one-third of the world's total beauty consumers, L'Oreal North Asia shapes the future of beauty with its innovation centers in Shanghai, Tokyo and Seoul, while investing in beauty tech transformation as one of the three beauty tech hubs globally. Here, our mission is to strategize, create and activate a powerful ecosystem around the North Asia Beauty Triangle as a competitive edge to unleash sustainable growth for all and inspire the world.Media contact:Linda YAN / linda.yan@loreal.com Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

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Legend Capital Portfolio Company Atour Successfully Lists on Nasdaq

HONG KONG, Nov 13, 2022 - (ACN Newswire via SEAPRWire.com) - On the evening of November 11, Beijing time, Legend Capital portfolio company Atour Lifestyle Holdings Limited ("Atour") was officially listed on the Nasdaq Stock Exchange in the United States. It has priced its initial public offering of 4,750,000 American Depositary Shares ("ADSs") at US$11.0 per ADS.Founded in 2013, Atour is a leading hospitality and lifestyle company in China with a distinct portfolio of lifestyle hotel brands, such as A.T. HOUSE, Atour S, ZHOTEL, Atour Hotel, Atour X and Atour Light, as well as scenario-based retail brands, including Atour Market. It has further divided its private labels into three product lines - aTOUR PLANET, SAVHE and Z2GO&CO. As of June 30, 2022, Atour has launched a total of 1,967 SKUs, 62.8% of which are private-label products. According to the prospectus, as of September 30, 2022, Atour has opened 880 hotels, a year-on-year increase of 26%. According to Frost & Sullivan, Atour is the largest upper midscale hotel chain with a diversified brand portfolio in China in terms of room numbers for five consecutive years as of the end of 2021. As an important institutional investor and close partner of Atour, Legend Capital led the investment in Atour in 2016, and continued to make additional investments in Atour's subsequent financing rounds in 2017 and 2021. Following the investment, Legend Capital has continuously supported Atour's development by providing multiple value-added services in terms of development strategy, corporate governance and incentive mechanism, listing work and business resources.Legend Capital said: " The past nine years have witnessed Atour's continuous development since its first hotel opening in 2013. Looking back at the development of China's hotel industry over the past decade, Atour is the only company with precise positioning and bringing changes to China's hotel industry. It has brought a new service standard to the industry. It is also a lifestyle consumer brand providing a warm and happy feeling that can be remembered by customers. Atour's founder and the team are rare talents in the domestic hotel industry. The team is dynamic and young, with over ten years of operating experience in the hotel industry. The listing marks a new milestone for Atour. It is not only an affirmation of the past achievements of Atour, but also an acknowledgment of their tenacity and professionalism. This also reflects the expectation for the future innovation and development of Atour. As Atour's investor, we are proud to be able to participate in and witness its growth."About Legend CapitalFounded in 2001, Legend Capital is a leading VC&PE investor focusing on the early-stage and growth-stage opportunities in China, with offices across Beijing, Shanghai, Shenzhen, Hong Kong, and Seoul, Korea.It currently manages USD and RMB funds of over US$10 billion in commitments, and has invested in around 600 companies, covering technology, healthcare, consumer, enterprise service and intelligent manufacturing sectors. Rooted in China, Legend Capital participated in the rise of many world-leading companies by solid investment coverage and systematic post-investment value-add. Over the years, Legend Capital has also become a widely recognized name in bridging key resources in China and overseas through cross-border activities, and a valuable partner to Chinese and overseas investors. Legend Capital values long-term sustainable investment and incorporates ESG into its long-term development strategy. As a UNPRI signatory since November 2019, Legend Capital is among the first group of top VC/PE firms in China to join the initiative. For more information, please visit www.legendcapital.com.cn/index_en.aspx and follow us on LinkedIn @Legend Capital (https://www.linkedin.com/company/legend-capital). Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

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Forward Fashion collaborates with Treasure Island Resort World Hotel to build new luxury shopping and entertainment center

HONG KONG, Mar 8, 2022 - (ACN Newswire via SEAPRWire.com) - Retailer of fashion apparel of international brands Forward Fashion (International) Holdings Company Limited ("Forward Fashion" or the "Group"; Stock Code: 2528) is pleased to announce that it will introduce six major brands to "YOHO Treasure Island Resort World Hotel" ("Treasure Island Hotel Macau") in Macau, including Galeries Lafayette, the internationally renowned French premium department store that will enter Macau for the first time; UFC Gym, the world's top high-end fitness center; POP MART, a trendy toy store; Under Armour, a leading global sports brand; Beebeeland, a large-scale comprehensive game center; and Five Guys, the world-renowned burger brand.Forward Fashion collaborates with Treasure Island Resort World Hotel to build new luxury shopping and entertainment centerMr. Patrick Fan, Founder, Chairman of the Board and Executive Director of Forward Fashion (first from the right) and Mr. Yu Dong, CEO of Bona Film Group (first from the left) signed the cooperation agreement with YOHO on Treasure Island Resort World HotelMr. Patrick Fan, Founder, Chairman of the Board and Executive Director of Forward Fashion (Left) and Ms. Maria Helena de Senna Fernandes, Director of the Macao SAR Government Tourism OfficeTreasure Island Hotel Macau is a place for shopping, food, entertainment, sight-seeing and holiday leisure, and is set to become a new Macau landmarkTreasure Island Hotel Macau is a new integrated five-star hotel-cum-tourism development plan. It is located at the central intersection of the Macau Peninsula and Cotai, covering an area of 8,100 square meters and providing a total of 600 hotel rooms. It also has a five-storey shopping mall, outdoor swimming pool and hot spring, fitness room, playground, restaurants and cinema, outdoor running trail and art themed park, as well as other amenities, thus a place for shopping, food, entertainment, sight-seeing and holiday leisure, and is set to become a new Macau landmark.In light of the development potential of Treasure Island Hotel Macau and its unique advantages in the city, Forward Fashion will bring the prestigious Galeries Lafayette to Macau; introducing an unprecedented luxury shopping experience to the enclave and further promoting Macau as the global capital of tourism and leisure. Galeries Lafayette, with 65 stores around the world, has been a leader in the fashion retail industry and trendy lifestyle for 128 years. Macau's first Galeries Lafayette is expected to open in the fourth quarter of 2022 - marking the fourth branch in Greater China, and will occupy a GFA of approximately 45,000 square feet; integrating international designer names, luxury and vanguard fashion brands, trendy footwear and accessories, high-end beauty, fashion cafe and more, bringing French elegance and European Art Nouveau to the city. Unlike other Galeries Lafayette stores in mainland China, Galeries Lafayette Macau occupies the sole location in Macau that brings the outdoor and indoor together. Incorporating pop-up art elements with meticulous and pampered services, it will certainly create unique shopping experiences for each and every customer.The Group will also introduce five other brands that cover fashion, sports, entertainment and catering, to meet the increasing shopping and consumption demand of tourists from around the world. This includes UFC Gym, a high-end fitness center, an international fitness experience brand founded by top professional mixed martial arts (MMA) tournament Ultimate Fighting Championship (UFC), hence provides first-class instructors, advanced equipment and diverse fitness courses. Also debuting is Five Guys, the world famous burger restaurant that insists on offering freshly grilled burgers made by hand, will bring American cuisine to Macau and mouthwatering food to tourists. In addition, the group will introduce POP MART, a trendy toy giant that will open a flagship store in Macau Peninsula, targeting the premium, trendy cultural segment, being a pioneer of fashionable glamour; Under Armour, a world renowned sports brand that will offer high-quality personalized sportswear to customers; and Beebeeland, an integrated entertainment center set to meet the entertainment needs of different customers and allow parents, children, couples and friends to have fun-filled leisure opportunities. Mr. Patrick Fan, Founder, Chairman of the Board and Executive Director of Forward Fashion (International) Holdings Company Limited, said, "Treasure Island Hotel Macau will serve as benchmark for a new era in Macau. We are excited to introduce top international brands to the hotel, which will demonstrate our advantages in international branded fashion retailing and our success in business diversification, and thus further strengthen our internal business ecosystem. The cooperative arrangement will not only create greater room for development and more market opportunities for both parties, but will also play an important role in fostering development of Macau's tourism and retail industries. Looking ahead, we will actively explore more cooperation opportunities, continue to introduce high-quality fashion brands and further enrich the number and types of brands under the Group so as to offer unique and impressive experiences to consumers."About Forward Fashion (International) Holdings Company LimitedForward Fashion (International) Holdings Company Limited principally engages in a highly diversified business model. The Group currently operates over 200 self-operated retail stores of internationally renowned, globally popular and up-and-coming brands in the Greater China, including Stella McCartney, MARNI, Palm Angels, Moschino, La Maison du Chocolat, Bose, Under Armour, Officine Universelle Buly, POP MART and BE RBRICK.Mr. Fan Wing Ting, Patrick, is the founder, Chairman and Executive Director of Forward Fashion. In 2005, he founded the first operating company of the Group in Hong Kong. Since then, the Group has committed in expanding their fashion apparel and trendy lifestyle merchandise retail business in the Greater China. Following the Group's listing on the main board of The Stock Exchange of Hong Kong Limited in 2020, Forward Fashion has taken a step forward on the development of eCommerce business on different media platforms, along with the introduction to various international, fashion and artistic brands and collectible art toys to the local retail industry. The Group strives to cater the preferences and needs of the domestic young generation, so as to promote their diversified development in the Greater China retail market. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

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Man jailed for burning towels at Hotel 81 after staff said he could not join his male friend and woman in room

SINGAPORE - A man was sentenced to three months' jail on Wednesday (April 21) for setting fire to towels in a hotel after staff told him he had to leave the room occupied by his male friend and a woman they had just met at a karaoke lounge. Lau Sheng Shiun, who was from the Republic of Singapore Navy, had faced trial and was convicted last month of mischief by fire with intent to cause damage. The incident happened on Sept 12, 2017. The 34-year-old had met up with Chua Wen Hao, 29, his friend and subordinate in the Navy, before heading to the W KTV lounge at Foch Road at Jalan Besar. They had a few drinks there and met a Vietnamese girl. The men later decided to head to Hotel 81 Violet nearby, and checked in at the front desk at about 9.20pm. Shortly after, the hotel staff spotted through the security cameras that three of them had entered the room, in breach of its policy of disallowing more than two people in a room. When the staff informed them that they were in breach of the policy, Lau left the hotel through a backdoor. He started smoking in the area where the hotel kept crates of towels before eventually leaving at about 9.50pm. But shortly after, someone passing the area Lau was in saw that some of the towels were on fire. The hotel staff were alerted and they extinguished the flames and called the police. Using security camera footage and through ground enquiries, the police were able to identify Lau. He was arrested on Sept 21 that year. On Wednesday, Deputy Public Prosecutor Zhou Yihong urged the court to jail Lau for at least three to four months, noting that it was purely fortuitous that the fire had not spread further and caused severe damage. During sentencing, District Judge Ong Luan Tze said there was some element of vengeance in Lau's actions, and that he had admitted to being frustrated with the hotel. Lau said he had set fire to the towels to express his frustration. His lawyer Josephine Costan said Lau will be appealing against the conviction and sentence. The Straits Times has contacted the Ministry of Defence for comment. Lau is currently out on bail for $10,000 pending the appeal. For mischief by fire intending to cause damage, he could have been jailed for up to seven years and fined. More on this topic   Related Story St Hilda's Church caretaker jailed for setting fire to room, trying to mislead police with 'jihad' note   Related Story Courts & Crime: Read more stories

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Uphill battle for S’pore hotels despite Dec boost

Hotels here may have got a boost during the December break thanks to the tourism vouchers and the school holidays, but they continue to face an uphill struggle this year without international travellers. Yet they remain cautiously hopeful, with some looking to events and new concepts to draw locals in. The Singapore Hotel Association noted that although official figures for December are not out yet, its member hotels have reported an increase in bookings due to the school holidays and redemption of SingapoRediscovers vouchers. The association has about 160 member hotels. "Given the sustained international border closure, staycations have definitely helped to boost Singapore's hotel occupancy," its executive director Margaret Heng said. Pan Pacific Hotels Group saw an average occupancy rate of 60 to 70 per cent across its properties in Singapore in December. Group chief executive Choe Peng Sum said: "As regulations eased, we have seen strong pent-up demand from our local market, with staycations and workcations. In the first week after staycations were announced, one of our properties saw 800 nights' worth of room bookings made." The group has over 3,000 rooms across eight properties in Singapore, including Parkroyal Collection Marina Bay which opened in December. Raffles Hotel said it was also fully booked during the festive season in December. It was not just the big hotel chains that saw an uptick in business. Boutique hotel chain Heritage Collection saw 75 per cent occupancy across its three properties in Chinatown, Clarke Quay and near City Hall in December. While it used to focus on serviced apartments, it worked on getting the relevant hotel licences to convert some apartments into hotel rooms last year. This meant that the brand could offer hotel rooms but with serviced apartment amenities like fully equipped kitchenettes from $75 a night. It hopes that its pivot to affordable studios and loft rooms and an "enriching experience in a shophouse hotel within a cultural enclave" will entice Singaporeans. But without international tourists and a small domestic market, some hotels are banking on their food and beverage offerings and events such as weddings to pull through the coming months. The association's Ms Heng said: "Hotel occupancy by locals is typically muted after the festive celebrations in February 2021. We also foresee lower demand when school resumes, as staycations tend to be more popular during school holiday periods." Average occupancy rates stood at 55.8 per cent in October and November last year, according to the Singapore Tourism Board. Mr Michael Roberts, Savills Singapore director of hotels in the Asia Pacific, said: "Until travel is allowed to resume, we don't expect to see any recovery or significant change in seasonal occupancy rates. There may be some variation due to essential travel and small spikes as various government measures are introduced. However, there is no natural domestic market and these local holidays account for a small percentage of the daily room nights available." Global data and benchmarking firm STR's area director for the Asia-Pacific Jesper Palmqvist said the vaccine roll-out and global travel solutions might help turn things around in the third quarter. CBRE Hotels' Asia-Pacific associate director Zhang Jiahao agreed: "Singapore is known for its political and economic stability, and with the vaccine roll-out, things are looking brighter for the hospitality sector ahead." Ms Heng added: "It is important to grow domestic demand for hotels in other ways. For example, to increase the capacity for weddings and work-related events when it is safe to do so, along with events such as birthday celebrations." Pan Pacific's Mr Choe said demand in this quarter has been softer, but the hotels' restaurants have been attracting guests, with weddings coming in as well. "Besides our flexible ballrooms and function spaces which also allow for 'hybrid-style' weddings, they are also seeking restaurant venues and private spaces," he said. Mr Eric Piatti, general manager of the newly opened Dusit Thani Laguna Singapore, also expects things to improve in the months to come, with high-profile events such as the World Economic Forum in August. In the meantime, the hotel is leveraging its location in a golf resort by offering unique experiences such as giving guests access to a round of 18 holes on the Masters Course. "The next 12 to 18 months will be exceptionally difficult," said Mr Arthur Kiong, chief executive of Far East Hospitality, but small hotels that offer a different experience can also have an edge. The group has properties such as Oasia Hotel Downtown, The Barracks Hotel and Village Hotel Bugis. It will open The Clan Hotel in Telok Ayer this quarter. "For The Clan Hotel, we will be adopting contactless technologies such as the self check-in kiosk or mobile check-in, to empower staff members to spend time providing personalised guest service. These measures will ensure that we operate with greater efficiencies and remain competitive when we eventually emerge from the crisis."

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Hotel switch for tennis quarantine

MELBOURNE • The Australian Open organisers have been forced to tear up a quarantine accommodation plan for international players a month before the first Grand Slam of the year starts, after apartment owners at a luxury hotel in Melbourne threatened legal action. Tennis Australia and government authorities had arranged for players to serve a 14-day mandatory quarantine at the Westin Melbourne ahead of the Feb 8-21 hard-court Major. But the plan was yesterday scrapped after apartment owners at the hybrid condo-hotel complained a day earlier they had not been properly consulted and would seek an injunction against it. "Following consultation between the owners of The Westin Melbourne, the hotel's existing residents and Covid-19 Quarantine Victoria, the decision has been made to accommodate players and their support teams arriving in Melbourne for the upcoming ATP (events) at an alternate hotel location," the Westin said in a statement. Graeme Efron, a lawyer representing the owners, told Reuters the quarantine plan was "never going to get through". "It was the epitome of hubris that they thought people would go along with it without being consulted," he said. International players at the Australian Open are expected to arrive in Melbourne from the middle of this month and Victoria Police Minister Lisa Neville told reporters yesterday that an alternative quarantine hotel had been secured for the players, which would be "stood up today or tomorrow". Many of the world's top players are planning to compete at tournaments at Melbourne Park in the week before the Slam. Melbourne was the epicentre of Australia's largest second-wave outbreak of Covid-19, which started at two quarantine hotels for international arrivals. More than 18,000 infections were recorded in the state during the outbreak, leading to nearly 800 deaths. Victoria recorded four new cases in Melbourne yesterday, including one in hotel quarantine. Australia has reported just over 28,500 coronavirus cases and 909 deaths in total. REUTERS

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An experience of a lifetime

I am writing this from the confines of my room. I am currently serving my two-week quarantine back in Singapore but, being in a hotel, it doesn't feel like I am home yet. This hotel life means I have gone from constant companionship and interaction to sudden isolation. The dramatic shift has left me feeling bereft and out of sorts. I miss Budapest, as well as my teammates and the time we spent together. Please subscribe or log in to continue reading the full article. Get unlimited access to all stories at $0.99/month Latest headlines and exclusive stories In-depth analyses and award-winning multimedia content Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months* Subscribe now *Terms and conditions apply.

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STB investigating gathering alleged to flout Covid-19 rules at RWS hotel

SINGAPORE (THE NEW PAPER) - Another investigation has been launched over a possible breach of safety measures at a hotel at Resorts World Sentosa (RWS). Videos of a group of at least six women and a man were uploaded on social media on Sunday (Nov 15), when they allegedly held a party to celebrate the 33rd week of pregnancy of one of the women. Some of the women had uploaded several videos on Instagram, showing themselves play-fighting with pillows and clothes on beds. Social gatherings of more than five people are prohibited due to the Covid-19 pandemic. Responding to queries from The New Paper on Monday, Mr Chew Tiong Heng, executive director of infrastructure planning and management at the Singapore Tourism Board (STB), said it was aware of the alleged incident and was investigating. "STB takes a serious view of any breach in safe management measures," he said. "Hotels are required to comply with all safe management measures, including ensuring that gatherings do not exceed five people if they are not from the same household." An RWS spokesman said it takes a serious view of non-compliance and requires all guests to be registered with the hotel front desk. Safe management measures are highlighted to guests during check-in, and signs are displayed at common areas as a reminder. He said: "We strongly urge all guests to strictly observe and adhere to all safe management measures for the health, safety and well-being of the Singapore community." This is the second such gathering at RWS that has allegedly breached safe management rules in as many months. Last month, it was reported that a group of at least 10 people, mostly women, were seen drinking and dining together in a hotel suite there. Investigations over the incident are being done. A reader tipped off TNP on the latest alleged incident and claimed it involved six women and two men who held significant influence over youth here. One of the women involved has about 57,000 followers on Instagram. The posts have all been removed from their Instagram accounts. More on this topic   Related Story Alleged party in RWS hotel room sparks Covid-19 safety measures probe Individuals who breach safety measures may be fined up to $10,000, or jailed for up to six months, or both. The maximum sentence is doubled for repeat offenders. Asked what possible action may be taken if such breaches repeatedly occur at the same location, Mr Chew said hotels that are found to be non-compliant may face closure of its premises. Businesses that do not comply may also be ineligible for government grants, loans, tax rebates and other forms of assistance. Rules for staycations at hotels Staycations are allowed at hotels approved by the Singapore Tourism Board and Ministry of Trade and Industry. The hotels must comply with existing safe management measures, such as the wearing of masks and practice of safe distancing in public and common areas. Gatherings, even those in private rooms and adjoining rooms, must be limited to five persons or fewer. The exception is if the gathering consists only of people who have already been living in the same household, each with the same address. All hotel guests are required to register themselves and use SafeEntry for entry and exit. The use of TraceTogether is encouraged. There must be staggered timings for guests to be at the hotel lobby and at guest facilities, as well as employees at the back-of-house work environment. More on this topic   Related Story Many planning to use tourism vouchers for staycations and attractions   Related Story Yachts and pool villas: Families splurge on big-ticket staycays for school holidays

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