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Both the cosmetics business and consumers can benefit from the FDA's resources on product testing. The largest cosmetic companies are L'Oreal, Estée Lauder, Coty, Nivea, Shiseido and Chanel. [1] The market volume of the cosmetics industry in Europe and the United States is about EUR €70 billion per year, according to a 2005 publication. [2]
In 2016, the annual revenue of Pechoin reached 13.8 billion RMB, with its market share in mainland China ranking 4th, after foreign brands such as L'Oreal and Olay. [17] [18] In 2019, the estimated annual sales of Pechoin reached 17.7 billion RMB (2.26 billion euros), further expanding its market share to 7.3%, second only to L'Oréal.
In addition to manufacturing and selling cosmetics, skincare and perfume products, the company is also a major player in the spa and well-being sector. Clarins operates in over 150 countries and is available at high-end department stores and selected retailers [2] with the Clarins and My Blend brands, and is a major luxury skincare brand in ...
Brazil is the company's largest market, passing the United States in 2010. Avon entered the Chinese market in 1990. [23] Direct selling was outlawed in China in 1998, [24] which forced Avon to sell only through physical stores called Beauty Boutiques. The ban was lifted in 2001, and the company received a license for direct selling in 2006.
Nykaa House of Brands – Nykaa Naturals, Nykaa Cosmetics, Kay Beauty Nykaa Fashion – Nykd by Nykaa, 20 Dresses, RSVP, Mondano, Likha, [ 37 ] Pipa Bella [ 38 ] [ 39 ] In 2015, Nykaa launched its collection of in-house beauty products via Nykaa Cosmetics and later expanded it across categories of Eyes, Nails, Face, Lips.
Jonathan Teller created the EOS lip balm in 2006. In 2015, EOS was the second highest-selling lip care in the world, with 11.5% of the market share in the United States. [2] The lip balms are sold at retail stores in 18 countries [3] and online through the company's website. In 2017, EOS sold nearly 2 million units per week globally. [3]
The company ventured into its first hair care and holistic beauty brand with Aveda in 1997. The fragrance house Jo Malone London was acquired in 1999. [7] On November 16, 1995, the Estée Lauder Companies went public on the New York Stock Exchange at $26.00 a share ($6.50 on a post-split basis). [8]
Suh rebranded the firm into multi brands company to target the global market and turned the company into a chaebol giant that manages dozens of cosmetics brands. In 2000, the company established the Korea Breast Cancer Foundation. In 2002, the company was renamed AmorePacific. Four years later, the holding company AmorePacific Group was founded.
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