Amorepacific announced the expansion of Laneige, the South Korean group’s flagship global skincare brand, in the United Kingdom and its market debut in the Middle East, following its debut in No…
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Amorepacific Group revenues, profits plunge in 2022
South Korea’s Amorepacific Group announced on February 1 its net profit plunged nearly 50 percent in 2022, on the back of slowing consumption in China and impeded travel retail sales.…
Amorepacific sells 60 percent stake to France’s Autajon Group
Amorepacific is selling a 60 percent stake in its wholly owned packaging subsidiary to a French firm Autajon, more information on the value of the sale has yet to be released.…
Amorepacific ramps up US and Japanese expansion
With its flagship brand Laneige, South Korean cosmetics giant Amorepacific is rapidly expanding in the US and Japanese markets in hopes of repeating its early 2000s success in China and Southeast Asia…
Amorepacific to boost online sales in 2022
The Korea Times reported that AmorePacific, Korea’s beauty giant, will increase investments to boost its online sales and expand its reach in North America, in a bid to reduce its reliance on China an…
Amorepacific to downsize retail stores in China
According to The Korea Herald, South Korea’s cosmetics giant Amorepacific is mulling drastically reducing the number of its stores in China amid sluggish sales, while also ramping up efforts to expand…
Amorepacific expands its wellness business
South Korea’s cosmetics giant Amorepacific Corp. is expanding its business portfolio to wellness and dietary supplementary products amid greater health-consciousness and inner beauty demand.…
Amorepacific collaborates with BTS
Korea’s beauty company Amorepacific collaborated with Korean boy band BTS on BTS | Amorepacific Lip Sleeping Mask Purple Edition.…
AmorePacific expands online business
Last year, AmorePacific lost its No. 1 cosmetics firm position in sales in Korea to LG Household & Health Care (LG H&H) after reporting US$4.4 billion in sales compared to the latter’s…
Etude House becomes capital impaired
AmorePacific’s cosmetics brand Etude House once aspired to become a global brand. However, after years of accumulating losses, Etude became capital impaired and AmorePacific is agonizing as it l…