We round up the most recent developments in the exciting Chinese beauty market, featuring news from Gotha Cosmetics, A.S. Watson and more.
Gotha Cosmetics makes first major step into China as it sets sights on Asian expansion
Gotha Cosmetics has set up local production in China, where it believes it can tap into the post-COVID growth potential of the market while lessening the burden of rising shipping costs and delivery lead times.
It recently announced that it had acquired China’s iColor Group. The company knows that a local presence is crucial to better understand the local consumers and local brands.
An expansion in China has become increasingly important given the current state of shipping and transportation.
By Amanda Lim – 28 Apr 2022
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