In 2023, 9% of the sales growth came from pricing adjustments, while 7% came from increased sales volume.

The core operating profit in the Chinese market amounted to 1 billion yen, marking a significant increase of 2.3 billion yen compared to the previous year, thanks to effective cost management strategies.

The brand hopes that in the coming years, sales in the Chinese market alone will account for over 10% of the total.

L’Oréal Group appoints Jesus Abia as General Manager of Travel Retail for the Asia-Pacific region, succeeding Zhang Tao; Shanghai Jahwa appoints Lin Xiaohai as Chief Executive Officer and General Manager.

In 2023, the average revenue per store for Laopu Gold reached 93.9 million yuan, doubling from the previous year. Among them, the total revenue of the two stores located in Beijing SKP was 336 million yuan, with a monthly sales per square meter of 440,000 yuan.

Most of our improvements in the Chinese market stem from streamlining our operations and aligning them more closely with local market demands. In fact, we haven’t actually expanded our distribution network.

The same-store sales in the Asia-Pacific region increased by 3% in the fiscal year 2024, but experienced a 17% decrease in the fourth quarter.

Adidas has announced that former American professional female basketball player Candace Parker will assume the role of President of the Brand’s Women’s Basketball Business.

The group is confident about the acquisition of Capri and is committed to actively addressing the lawsuit filed by the Federal Trade Commission, striving to complete the acquisition transaction by 2024.

Prior to joining Estée Lauder Companies, Shane Wolf worked for several years in L’Oréal Group’s hair care business, holding the latest position of Global President for the Professional Products Division’s American brands.