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Amore Pacific Seeks Bigger Sales In China; Aims To Rise In World Cosmetics Market Rankings

October 6, 2014: 12:00 AM EST
South Korea-based Amore Pacific aims to become the number 7 cosmetics  company in the world. Ranked 17th in terms of sales in 2013, according to Women's Wear Daily, the company hopes to achieve its goal by expanding its operations in China and the remaining parts of Asia-Pacific region. In the quarter ending June 30, 2014, the company saw sales jumped 21 percent year on year to 966.7 billion won, with operating profit ballooning 69 percent to 151.1 billion won. Also, the company plans to come up with more products designed for the China market, Amore Pacific chairman Suh Kyung-bae said.
Park Si-soo, "Amore Pacific bets big on China", Korea Times, October 06, 2014, © koreatimes.co.kr
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