New Products: Parfums Christian Dior—Diorskin Nude BB
Créme; Parfums Givenchy—Gentlemen Only fragrance; Kenzo
Parfums—Flowers in the Air fragrance; Fendi—Fan di Fendi pour
Homme; Benefit—Fake Up; Parfums Loewe—Aura Loewe.
Comments: Sales cosmetics and fragrances rose nearly 3% last
year. Perfumes accounted for 45% of sales (down from 48%
in 2012), followed by cosmetics (37%) and skin care products
(18%). By region, rest of Europe represented 32% of sales, followed by rest of Asia (24%), other markets (14%), France (13%),
US (12%) and Japan (5%).
Some of the biggest beauty highlights of 2013 had less to
do with product and more to do with place. First, there was
the opening of 68 Champs-Élysées, a beauty boutique offering
customized skin care in the heart of Paris. Outside the City of
Light, the LVMH Group opened its new perfumes and cosmetics research center in Saint-Jean-de-Braye. The 18,000 square-meter facility is home to 250 researchers working for Parfums
Christian Dior, Guerlain, Parfums Givenchy and Fresh. More
than 20 fields of study are conducted at the site.
Corporate sales rose nearly 4% last year to almost $40 billion, with perfumes and cosmetics contributing 13% to the total.
For the first quarter of 2014, corporate sales once again increased 4% to $9.8 billion. Sales of perfumes and cosmetics increased 1% to nearly $1.3 billion. Christian Dior led the way, on
demand for its J’adore and Miss Dior fragrances. Also providing
a lift was Guerlain’s Asian roll out of Abeille Royale skin care.
LVMH’s business is beautiful in the eyes of business school students, too. For the ninth consecutive year, LVMH topped the
Universum France’s ranking of the most attractive employers
in a survey of students at France’s top business schools. More
than 34,000 students from 112 higher education institutions responded to this year’s survey.
“We are proud to receive this further expression of confi-
9. amorepacific SOUTH KOREA
dence and we are delighted that the exciting career prospects
and entrepreneurial spirit of our 65-plus Houses around the
world are widely recognized,” said Chantal Gaemperle, group
executive vice president, human resources and synergies. “Our
talent development policy is founded on our culture of mobil-
ity across jobs and countries, combined with ambitious training
programs specially designed to meet the distinctive needs of
our different métiers.”
SALES: $3.5 BILLION
Key Personnel: Kyung-Bae Suh, president and chief executive
officer; Sang-Bae Shim, president; Young-So Kwon, executive
director, sales and marketing; Dong-Hyun Bae, chief financial
officer; Yang-Sun Chai, marketing; Jeonggy Baek, vice chairman;
Jae-Wan Shim, new growth; Chan-Hoe Kim, mass; Jae-Cheon
Ryu, luxury; Dong-Hyun Bae, management support; Byeoung-Do Kang, SCM; Min-Jeon Lee, premium; Sang-Hoon Han, R&D.
Major Products: Cosmetics—Amorepacific, Hera, Sulwhasoo,
Lirikos, Hyosia, Verite, Laneige, Iope, Mamonde, TeenClear,
Primera, Hanyul, InnisFree, Lolita Lempicka, Odyssey, Etude,
Espoir. Personal Care—Mise-en-Scene, Ryo, Illi, Happy Bath,
Dantrol, Median, Songyeum; Health Care (including tea, beauty
foods/supplements and drugs)—O’Sulloc, VB, Natural Beauty
New Products: Hera Cell Essence.
AmorePacific says Laneige
is the preferred premium
cosmetic brand among
young Chinese women.
Sephora stores can be found throughout the world.
This one’s in Rome.