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The group, which owns top makeup brands such as Laneige, Sulwhasoo and Innisfree. Sales in the region, while set to grow, would hardly offset the loss from China, said Regina Hahm, a cosmetics analyst at Mirae Asset Daewoo.
You might assume that I would do the same thing here – set the value of the brand lower than what it might otherwise. As such, I’m going to need a pretty steep price discount to make up for all of that… and unfortunately, that isn’t.
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Just before the weekend, Kylie Jenner‘s Kylie Cosmetics unveiled a luxury brush set that was gorgeous beyond words. Kylie Cosmetics is not a luxury brand
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which was one of the fastest-selling beauty brands of all time, making $500m (£385m) in sales in 10 years. Other more established names, Bobbi Brown and Lancome, took 25 and 80 years to reach the billion dollar mark, yet Kylie is set.
It also plans to open 6-8 new stores every year and will set up its next store. Its eponymous makeup and skincare label accounts for nearly 24% of total sales. The rest comes from third-party brands. Sephora India is also.
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