The second quarter operating profit of LG Household & Health Care (LG H&H) plunged by 27.1 percent on-year to 157.8 billion won ($123.52 million) due to the prolonged sluggishness in the Chinese cosmetics market.
LG Household & Health Care (LG H&H), owner of cosmetics brands The Face Shop and The History of Whoo, is dropping its once-thriving franchise business in Korea.
LG Household & Healthcare is accused of abusing its power over franchise branches of The Face Shop by failing to keep commitments about discount events.
Korea JoongAng Daily Sitemap