Amorepacific and LG Household & Health Care Face Contrasting Fortunes in Global Market
Creatrip Team
8 months ago
Amorepacific and LG Household & Health Care, two leading names in K-beauty (Korean beauty industry), have experienced differing outcomes in their overseas markets. Amorepacific recovered strongly, overcoming challenges in its China operations and expanding sales in North America and other regions. It reported a 6.6-fold increase in operating profits in Q2, driven by growth in key brands like Laneige and Innisfree. Meanwhile, LG Household & Health Care saw a 19.4% decline in its Q2 cosmetics sales, posting a quarterly loss for the first time in 21 years due to high dependence on traditional channels like duty-free stores and the Chinese market.
