Amorepacific Group’s second quarter net rose more than 2,000 percent on year to 142.8 billion won ($127.5 million), far surpassing market estimates.
Rolling out a private label credit card (PLCC) is becoming a popular marketing strategy for companies trying to attract loyal customers.
Amorepacific Group's net profit jumped by more than 80 percent in the first quarter on improved sales of brands like Sulwhasoo, Hera, Innisfree and Etude.
Retailers and fashion companies in Korea are jumping on the cosmetics bandwagon.
In an effort to build a circular economy and reduce plastic waste, Amorepacific will incorporate more reusable and recyclable ingredients into its products and increase refillable packaging. Amorepacific, actively taking part in the “2030 Cosmetics..
Amorepacific Group’s annual net profit nosedived more than 90 percent last year compared to the previous year, as offline sales suffered from social distancing and travel restrictions due to Covid-19.
Providing customized products is becoming a new trend in the beauty industry.
Cosmetics maker Amorepacific announced Tuesday it has invested 3 billion won ($2.7 million) in media start-up DMIL to expand its digital presence in the cosmetics market.
Amorepacific Group appointed Kim Seung-hwan as the new CEO and Vice President of the cosmetics company on Thursday.
Amorepacific Group's net profit plummeted 93.7 percent on year to 7 billion won ($6.2 million) in the third quarter