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.
The big buzzword in Korean marketing circles these days is universe, fictional worlds built around characters like Buldak, the personified symbol of Samyang Foods’ popular spicy noodle Buldak Ramen.
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