1 – Incredibly hot streak: LG H&H breaks economic documents on the back again of China’s unwavering appetite for luxury magnificence
South Korean conglomerate LG House & Health care has claimed report-significant income and revenue outcomes driven by China’s demand from customers for its luxurious splendor solutions.
LG Family & Health care (LG H&H) is a purchaser merchandise enterprise that manufactures cosmetics, household merchandise, and drinks.
Brand names in the company’s cosmetics portfolio include things like The History of Whoo, The Face Shop, Perception and Su:m37.
The organization proceeds to experience the consequences of the COVID-19 pandemic, with offline channels experiencing sharp decrease in gross sales as a end result of the plunge in tourism and shop closures.
2 – Bouncing again: Robust demand from customers for luxurious magnificence drives Amorepacific’s COVID-19 recovery
The desire for luxurious splendor brands these kinds of as Sulwhasoo has assisted to generate cosmetic agency Amorepacific’s restoration domestically and in abroad marketplaces such as China and Europe.
The corporation behind K-splendor makes Laniege, Innisfree and Sulwhasoo started out to see its numbers strengthen in the initial quarter of 2021.
In the initially half of this year, the organization recorded that its revenue was up 11.1% to KRW2.4tn, whilst its operating financial gain rocketed by 178.1% up to KRW267.5bn (U$233.1m).
Contrastly, Amorepacific claimed that its income and working gain plummeted by 23.1% and 65% respectively in the to start with half of very last calendar year.
3 – POLA spend off: ‘Super prestige’ brand’s 129% development guides Pola Orbis to recovery
Japanese cosmetics business Pola Orbis Holdings has rebounded on the back again of higher-stop flagship POLA, which posted remarkable operating earnings expansion of 129.2% in the initial fifty percent of FY2021.
POLA is a luxurious skin treatment brand specialising in skin ageing and brightening care owned by POLA Orbis, which is also behind nicely-acknowledged J-natural beauty models such as ORBIS and Three.
The outstanding advancement was attributed to the company’s endeavours to increase its call points in the expansion markets of China and travel retail. The emphasis on abroad income resulted in a sturdy 55% progress year on calendar year.
The potent general performance was largely pushed to the brand’s investments in China, in which the firm has been working to mature its presence.
4 – Sephora CEO: Feelunique acquisition a ‘key step’ in Europe expansion strategy
Elegance retail important Sephora has confirmed its acquisition of prestige attractiveness e-commerce player Feelunique, with the deal expected to close concerning March and July following 12 months.
Rumours of the deal started circulating this 7 days, with LVMH-owned Sephora confirming the invest in nowadays. The transaction, subject to anti-rely on clearance, was anticipated to shut for the duration of the next semester of 2021, between March and July next yr. Palamon Funds Partners experienced headed up the acquisition settlement alongside other shareholders.
The buy will see Sephora take on Feelunique’s 35,000-powerful merchandise beauty and fragrance portfolio and 1.3 million active consumers.
Martin Brok, president and CEO of Sephora, said: “The transaction is a key step in Sephora’s European growth method and marks a very first step for Sephora’s existence into the United Kingdom, one particular of the top rated-10 most important prestige beauty marketplaces around the globe, with a very large degree of digital adoption.”
5 – Pressing ahead: Battling Sa Sa finds respite in e-commerce progress as it endures product sales dive
Natural beauty retail team Sa Sa International’s pivot towards e-commerce appears to be having to pay off as it recorded a yr-on-year gross sales improve of 108.8% through the April to June quarter.
The pandemic and its repercussions on an currently declining brick-and-mortar market has driven the agency to emphasis a lot more investments in its on the internet channels.
In 2019, for instance, it declared that choice to shut all 22 of its retail suppliers in Singapore as effectiveness in the sector had been unsatisfactory over the previous couple a long time. The enterprise re-released in Singapore a couple of months later on by using the e-commerce marketplace, Shopee.
The group’s on the net organization has been enhancing steadily, with profits growing 108.8% yr-on-12 months in the initially quarter. Compared to the FY2018/19 period, revenue grew by a respectable 64%.
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