Amorepacific Group reported a less-than-expected net profit of 32.3 billion won ($22.6 million) in the third quarter, down 29 percent on year, due to sales falling in China and duty-free businesses far from recovering.
Manufacturers of all sizes are jumping on the hair-dye shampoo bandwagon, mesmerized by Moda Moda’s success and undeterred by a toxicity scare.
Amorepacific Group posted a net loss of 26 billion won ($20 million) in the second quarter, compared to a net profit of 142.8 billion won the previous year.
Three employees of Amorepacific reportedly siphoned off 3 billion won ($2.35 million) of company money, used it to gamble and buy stock and virtual assets, and were eventually caught.
Amorepacific Group beat expectations with a first quarter net profit of 132.2 billion won ($104 million), though still down 25.2 percent on year.
After a controversy over the safety of one hair dyeing shampoo, Amore Pacific is hitting the market with a similar product, which it insists is totally non-toxic.
Korean retailers who expanded in Shanghai are regretting it after a Covid-19 lockdown forced them to shutter hundreds of shops.
Andreas Gursky’s photographs capture scenes from an elevated, god-like perspective. From afar it is difficult to figure out what the 67-year-old German photographer wanted to depict in each photo. The real story begins only when viewers eye the...
Cosmetics companies are becoming tech savvy, using smart devices and robots to offer customization services for customers.
With mask mandates being lifted globally, cosmetics companies are enjoying boomlets that could continue to real comebacks following a long, dark winter.