Movers and shakers: AmorePacific enters top 10 in WWD global sales ranking, above Chanel and LVMH

April 19, 2017 Written by 
Movers and shakers: AmorePacific enters top 10 in WWD global sales ranking, above Chanel and LVMH AmorePacific

AmorePacific’s meteoric growth has placed it above multinational powerhouses such as Chanel and the LVMH stable in terms of global sales, according to a report published by the Korea Times.

Quoting data from WWD’s annual Beauty Top 100, the Korea Times reported that the K-beauty behemoth climbed from 12th position in 2015 to rank 7th in 2016, with sales up 18.2 percent for a total of US$5.58 billion. Chanel, meanwhile, has dropped from 8th to 11th place, while LVMH-owned Guerlain and Dior came in 9th.

“As a global cosmetics maker representing Korea, we are honored to be ranked among the top 10,” AmorePacific Chairman Suh Jyung-bae told the Korea Times. “Promoting the value of Asian beauty to our domestic and global customers, we will make a new leap to be a great company.”

L’Oréal maintained its position at the top of the chart for another year, recording US$28.6 billion, followed by Unilever in 2nd with US$20.5 billion, P&G in 3rd with US$15.4 billion and Estée Lauder with US$11.4 billion.  

 

Georgina  Caldwell

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