Tag: AmorePacific

Retail Asia02/02/2023
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On April 28, Amore Pacific Group announced key figures for Q1 FY2022, with the Korean beauty giant reporting sales of $997 million, down 9% year-on-year, operating profit of $136 million, down 13.4% year-on-year, and net profit of $104 million, down 25.2% year-on-year. The earnings report noted that domestic sales in Korea continued to account for […]

Retail Asia03/11/2022
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South Korean beauty conglomerate Amorepacific has recorded a 15.6 percent year-on-year drop in sales for its third quarter of this year, with operating profit plummeting 62.6 percent to US$13.2 million. In its home market, revenue was down 18.6 percent with operating profit dropping 49.8 percent. Despite a 10 percent increase in online sales, the domestic […]

Retail Asia15/02/2021
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7min0
 Shopee, the leading e-commerce platform in Southeast Asia and Taiwan, and Amorepacific, Korea’s leading beauty company, have signed a Memorandum of Understanding (MOU) to strengthen regional partnership and accelerate the growth of K-beauty in the booming online beauty category in Southeast Asia. This year, Amorepacific will not only be focusing on growing its online presence […]

Retail Asia30/10/2020
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2min0
South Korean cosmetics giant AmorePacific Corp has opened a so-called ‘refill station’ – a first for the nation’s cosmetics industry. The company opened the facility as a trial inside its new Gwanggyo store that opened last week in Suwon, Gyeonggi Province. Customers can take an empty container made of coconut shells from the store and […]

Retail Asia07/08/2020
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2min0
South Korean beauty group AmorePacific has launched two key brands on Amazon’s Premium Beauty store in the US as it looks to build its online presence. The beauty firm has introduced the AmorePacific and Mamonde brands on Amazon, including skincare and makeup. AmorePacific’s green tea skincare essentials – the Treatment Enzyme Peeling Cleansing Powder, Vintage […]

Retail Asia15/07/2020
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1min0
South Korea beauty giant AmorePacific has launched its luxury brand Sulwhasoo across India exclusively with Indian retailer Nykaa. “In recent years, Nykaa has led the South Korean beauty conversation in India, focusing on educating Indian customers on the novelty of the products and ingredients,” said Falguni Nayar, founder & CEO of Nykaa. Prior to Sulwhasoo, […]

Retail Asia15/05/2020
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2min0
South Korean beauty firm AmorePacific has acquired a substantial minority stake in Australian luxury skincare brand Rationale. The investment is aimed at boosting AmorePacific’s credentials in the high-end personalized cosmetics market and will help Rationale expand across Asia, focusing on South Korea, Hong Kong, and Singapore initially during the next five years. The deal also […]

Retail Asia05/02/2020
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South Korean beauty company Amorepacific Group is set to launch the Etude brand in Indonesia. The firm has partnered with local lifestyle retailer PT Mitra Adiperkasa Tbk (MAP) to boost the growth of its business in the territory. MAP plans to expand Amorepacific’s presence beyond Jakarta and across Bali, Surabaya and Bandung, giving more local […]

Retail Asia27/12/2019
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2min0
South Korean beauty conglomerate Amorepacific has invested in American company Milk Group’s makeup and skincare division Milk Makeup. Seoul-based Amorepacific joins Main Post Partners and Alliance Consumer Growth as minority shareholders in the beauty brand, forming a strategic partnership that will assist the brand as it enters the South Korean marketplace. “The South Korean beauty […]

Retail Asia30/07/2019
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1min0
Korean beauty firm Amorepacific has launched a new pop-up store, “Sulwhasoo Universe”. The firm hosted an event at the China Duty Free Group (CDFG) Sanya International Duty-Free Shopping Complex – the world’s largest duty-free store – to celebrate the opening on July 6. The event also served to mark with the 40th year anniversary of […]

Retail Asia05/03/2019
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4min0
Nowadays, products purchased online are typically delivered in a big box with bubble wrap for protection. But once the package is safely delivered, the packaging becomes nothing more than waste. Amorepacific, however, has chosen to make use of eco-friendly packaging, adopting paper materials instead of bubble wrap. What seems like a small and insignificant change […]

Retail Asia19/02/2019
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3min0
South Korean beauty group Amorepacific and AS Watson have expanded their partnership to cover Asia and Europe. The partnership will enable Amorepacific to increase its product presence through Watsons-owned stores and online. Before this, the two had already partnered to launch Amorepacific’s botanical skincare brand Mamonde, haircare brands RYO and Mise-En-Scene across Asia. “AS Watson […]

Retail Asia25/01/2019
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2min0
Amorepacific-owned makeup brand eSpoir has launched in Thailand via cosmetics retailer chain Eveandboy. Nearly 130 eSpoir products are available at Eveandboy stores at Siam Square One shopping mall and at Terminal 21 near Asoke Station. The highest-profile eSpoir products include Dewy Face Glow moisturiser with hyaluronic acid, No Wear Lipstick, and Pro Tailor Foundation Be […]

Retail Asia19/12/2018
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2min0
South Korean cosmetics giant Amorepacific is ramping up its Asean expansion, opening the first Innisfree and Laneige Philippines stores. Amorepacific established Amorepacific Philippines in Metro Manila in August and has since opened the first Innisfree store, in Manila’s SM Mall of Asia. This week the company opened its first Laneige Philippines store, at SM Makati […]

Retail Asia04/12/2018
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2min0
Innisfree Corp., budget cosmetics manufacturer under South Korea’s beauty powerhouse Amorepacific Group opened its first store in the Philippines with hopes to expand its presence in the bourgeoning Southeast Asian market. According to the company, the 148-square-meter store opened at SM Mall of Asia, the largest shopping mall in Manila. The naturalism-oriented brand plans to introduce […]

Retail Asia16/11/2018
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4min0
South Korean retailers benefited from another record-setting Nov. 11 Singles Day shopping extravaganza led by Alibaba Group of China. Since 2009, Chinese retail giant Alibaba Group has transformed Singles’ Day, which falls on Nov. 11, into an online shopping festival with large discounts offered for 24 hours. Over 40 percent of shoppers made purchases from international […]

Retail Asia31/10/2018
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4min0
Amorepacific Group announced lower-than-expected results for the third quarter on Monday with operating profits dropping 36 percent year on year. The fall comes as a stark contrast to rival LG Household & Health Care, which saw operating profits in its beauty business soar 30 percent during the same period. Amorepacific Group’s operating profit between July and […]

Retail Asia22/10/2018
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5min0
With Southeast Asia becoming the center stage for South Korean businesses in expanding their global presence, retail conglomerates like Lotte, Shinsegae and CJ have been successfully tapping into the markets. Lotte Group has focused its investments on its retail arm Lotte Shopping’s entrance to the Indonesian market. According to the company, the Indonesia market accounts for 17 percent of total […]


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