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THE WHAT? L’Occitane has introduced an unaudited quarterly replace for the third quarter of the present monetary 12 months. The pure cosmetics agency noticed gross sales rise 19.5 p.c at reported charges within the three months to December 31, 2024 to €1,915.3 million.
THE DETAILS By model, tween and teenage favorite, Sol de Janeiro was the star performer, rising 199.4 p.c to hit gross sales of €204.4 million. In distinction, L’Occitane en Provence noticed gross sales drop 2.9 p.c whereas Elemis placed on a robust 14.7 p.c.
By area, the Americas delivered the strongest development, up 64.5 p.c, whereas EMEA inched up 4.6 p.c and APAC gross sales dipped 2.8 p.c.
THE WHY? André Hoffmann, Vice-Chairman & Chief Govt Officer of L’Occitane, feedback, “We delivered an honest vacation season, which enabled us to take care of our development momentum and relative outperformance within the premium magnificence market in China and different key markets. It was additionally pleasing to see Elemis return to development in mild of our ongoing premiumization technique to assist its long-term profitability.
“We’ll proceed to construct on the accelerating development of Sol de Janeiro as we steadily develop its product and class vary, and the size and attain of its distribution. We may even additional construct on the wholesome development of different manufacturers, together with our not too long ago acquired luxurious house perfume model, Dr. Vranjes Firenze, to spherical out our portfolio.”
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