The Korean company announced on April 17 that it ranked seventh in the list of the world's top-100 beauty firms published by U.S. beauty and fashion media WWD (Women's Wear Daily). AmorePacific climbed up by five notches from No. 12 in 2015.
It has joined the top-ten ranking in ten years after entering the top-20 ranking in 2007 when its sales amounted to $1.79 billion. Over the past ten years, AmorePacific saw its sales mark a four-fold increase and operating profit a five-fold increase.
L'Oréal, which kept the No. 1 spot for more than ten years, maintained its lead with $28.6 billion, followed by Unilever with $20.5 billion, P&G with $15.4 billion, Estee Lauder with $11.4 billion, Shiseido with $7.6 billion, and Beiersdorf with $5.9 billion.
A group of South Korean insurers will invest 69 billion won ($60 million) in 29-year senior debt secured on Australia’s National Archives Preservation Facility in Canberra, attracted to its long maturity, as they are keen to extend asset durations ahead&hellip
The Construction Workers Mutual Aid Association (CWMAA) will acquire a language center building of the University of New South Wales (UNSW) in Sydney for A$71 million ($56 million), jointly with a South Korean insurance company. CWMAA, with $2.8 billion in&hellip
South Korean banks and institutional investors will provide $140 million in syndicated loans to a US gas-fired plant project in Pennsylvania, part of $460 million loans originated by BNP Paribas to build the power plant. Of the $140 million loans,&hellip