Chinese beauty brands are increasingly expanding into international markets after achieving strong growth at home. Proya Cosmetics, China’s largest beauty brand by revenue, plans to introduce two skincare lines across 400 Ulta Beauty stores in the United States and online from November. The company has also opened a research and development centre in Paris. Other
L’Oréal became France’s most valuable listed company on Tuesday, overtaking luxury giant LVMH as weaker demand continues to weigh on the global luxury sector. L’Oréal’s market capitalisation reached around €203 billion, compared with about €201 billion for LVMH, marking the first time since 2017 that a non-luxury company has held the top position on the […]

