Sitting pretty in China

Luxury demand: Shoppers make purchases at a Le Labo store, a brand under ELC, at Wuhan SKP. — Photo: China Daily

A GRADUAL recovery in China’s premium beauty and luxury goods market is providing fresh momentum for the world’s leading beauty companies.

Foreign players including The Estee Lauder Companies (ELC), L’Oreal and LVMH reported stronger performance as Chinese consumers return to higher-end beauty products and brands accelerate localisation strategies.