In January 2024, the actual sales volume in the mainland China market was very optimistic, and the group was very satisfied.
The Group announced a further expansion of its profit recovery plan with a restructuring plan.
Kiko’s CEO Simone Dominici asid the target for 2023 is to exceed 800 million in revenue and more than 100 million in EBITDA.
The premiere of “Euphoria” in 2019 sparked a global phenomenon in the beauty culture.
This funding will provide the brand with sufficient liquidity to sustain its recovery strategy.
In Mario Dedivanovic’s 20th year as a makeup artist, he established his own beauty brand called Makeup by Mario.
As early as 2021, L Catterton partners Michael Farello and Jonathan Owsley had personally invested $2.6 million in Dibs Beauty.
PROYA’s brand revenues surpass CNY 50 Billion with online channels accounting for over 90%.
The acquisition agreement is contingent on a debt relief package of $690 million.
China’s e-commerce giant, Yatsen Holding Limited, saw a 36.5% dip in net income from RMB 58.4 billion in 2021 to RMB 37.1 billion (approximately USD 5.37 billion) in 2022.