Amorepacific Archives - Page 4 of 4 - Inside Retail Asia
Multi-brand beauty retailer and wholesaler AmorePacific has reported a 30.7 per cent leap in first quarter profits.
Multi-brand Korean cosmetic shops are burgeoning, giving consumers a broader choice of products and price points as major retail groups battle for market share.
AmorePacific, South Korea’s largest cosmetic company, sees room for substantial growth in China thanks to the burgeoning ranks of the middle-class.
Scores of top beauty brands and cosmetics companies are setting up shop on Alibaba Group’s Tmall.com online marketplace.
The Korean parent of skincare brands including Laneige, Sulwhasoo and Etude, plans to open some 350 new stores this year.
Korean cosmetics company targets $2.9 billion sales by 2020 from China.