News

Fashion

Staff Reporter

, APAC

Published:

1 year ago

119 views

Source: L'Oreal

L’Oreal posts 6.6% sales growth in North Asia in 2022

Its sales amounted to €11.32b (US$12.07b).

L’Oreal reported its sales in North Asia grew by 6.6% like-for-like to €11.32b (US$12.07b) in 2022.

In the fourth quarter, sales climbed by 4.9% to €3.29b (US$3.5b).

“L’Oréal’s unique brand portfolio and its digital excellence were once again key drivers to outperform throughout the Zone, in all markets and all channels,” the company reported.

In Mainland China, particularly, the beauty market was affected by COVID-related restrictions driving a double-digit increase in online sales.

L’Oréal recorded double-digit growth in Japan and Korea, where it outperformed the beauty market, which bounced back strongly in 2022.

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