L’Oreal (Thailand) has reported first-half growth of 12 percent year-on-year in its skincare business, slightly lower than projected but ahead of industry growth of 4 percent.
Managing director Umesh Phadke said the growth was driven by brand innovation, new products, new communications, new distribution channels and a new in-store experience.
To boost growth, the company will apply similar strategies in the second half and introduce two new luxury brands — Clarisonic and Urban Decay.
(Source: Bangkok Post)