Amorepacific on Wednesday reported its second-quarter net profit of 19.3 billion won ($15.1 million), shifting from a loss of 37.2 billion won a year earlier. .
Health and beauty retailer A.S. Watson Group and South Korea’s beauty company Amorepacific Group have signed agreement to further strengthen the collaboration between the two companies to entice customers around Asia with K-beauty.
Etude House, a high street shop brand of AmorePacific, has made a successful rebound, posting its highest operating profit growth in the first quarter of this year. This success has been achieved due to the diversification of its retail channels and the efficient management of offline stores, according to company officials Thursday.
The country s top two cosmetics firms ― AmorePacific and LG Household & Health Care (LG H&H) ― are struggling to reduce their reliance on China as their sales in other regions including North America are not enough to offset falling sales in the world s second-largest economy, according to company officials Wednesday.