2022 . 05 . 19
Prestige Beauty is China’s Next Growth Engine
There is strong interest among Chinese consumers in premium products and the moves that major brands have made toward digitization. The interest in premium segments is exemplified by the fact that in more than a year, Shiseido has sold 15 masstige brands in order to move toward more prestige and premium business segments. The Japanese giant attributed the growth of its business in China to the growth of its high-end brands, according to its annual financial report for 2021.
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