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AmorePacific Expects China Sales To Grow 30 Percent In 2015

February 9, 2015: 12:00 AM EST
South Korean cosmetics company AmorePacific Group said it expects sales in China to grow 30 percent in 2015. In 2014, China sales grew 21 percent to 4.7 trillion won, or $4.3 billion, the company reported on February 2, 2015. AmorePacific is expanding its channel in the country to grab a bigger share of China's middle-class market. In 2020, China is expected to account for 30 percent of the company's total sales, up from 8.6 percent in 2013.
"Korea Pop Fervor to Lift AmorePacific China Sales by 30%", Bloomberg, February 09, 2015, © Bloomberg L.P.
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