Penhaligon’s and Editions de Parfums Frederic Malle were the two most active high-end fragrance brands in the Chinese market over the past year.

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.

Estée said it expects a return to sales growth in Mainland China and Asia travel retail in the second half of the year.