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.
Korea Investment Corporation (KIC) will open its third overseas office in Singapore as early as August in its push for alternative investments in Asia, according to a local newspaper report. The opening of a foreign office will come six years&hellip
South Korea’s Hanwha Asset Management Co. Ltd. will launch three global funds for infrastructure, real estate and private equity investments, with $1 billion commitments from two insurance units of its parent group. Hanwha Life Insurance Co. Ltd. and Hanwha General&hellip
An investment firm of South Korea’s Samsung Life Insurance Co. Ltd is forming a blind-pool real estate fund worth around 500 billion won ($443 million) with commitments from other Samsung financial units to acquire a building of the Organisation for Economic Co-operation&hellip