Joy Group’s revenue surged 48 per cent to US$360 million in FY23, ranking the company second among Chinese domestic players in colour cosmetics.
The company’s Judydoll brand alone saw a revenue of US$232 million, up 66 per cent. Its Joocyee brand’s revenue rose 25 per cent to US$130 million. The group’s sales totaled US$450 million.
Last October, Joy Group forged a strategic partnership with Pierre Fabre Laboratories.
Starting January 1 this year, the company took over all the operations of hair and scalp care brand René Furterer in China.
Currently, Joy Group manages flagship stores in major e-commerce platforms and more than 50 offline boutiques. The company has a nationwide presence in over 10,000 offline colour cosmetic stores across China.
