The successful organization of the 2023 Cosmopack exhibition in Bologna attracted 2900 exhibitors from 64 countries, showcasing new trends and technological innovations in the beauty industry. This highlights the resilience and development potential of the industry in the face of economic fluctuations.

In 2022, Puig, which is 100% family-owned, achieved a new sales record, with revenue increasing by 40% year-on-year to €3.62 billion and net profit increasing by 71% to €400 million.

Despite the fact that the Chinese market accounts for only 3% of Pandora’s revenue, the company hopes to achieve business growth through a brand reboot in Q3 of this year.

Coty’s Chairman, Peter Harf, stated, “Paris is the historic home of beauty, and the industry still holds a special attraction for investors there.”

Shanghai Jahwa has completed another acquisition of a maternal and child company.

Estée Lauder stated that although there has been an increase in foot traffic in major shopping areas such as China’s Hainan Island and Korea, consumer spending on luxury beauty products has lagged behind.

Biemlfdlkk’s Q1 operating revenue increased by 33.13% year-on-year to RMB 1.079 billion, and the net profit attributable to shareholders of the listed company increased by 41.36% year-on-year to RMB 300 million.

Nivea and the Derma division performed well, achieving growth of 18% and 26.9%, respectively.

The Japanese and French luxury skincare brand EDB, which was acquired by S’Young, generated nearly 100 million yuan in revenue over five months since the acquisition.

Hugo Boss’s sales in China were far higher than the same period last year, with a growth of 25% adjusted for exchange rates.