The world's leading cosmetics group L'Oreal announced that its mass cosmetics brand Garnier will withdraw from the Chinese market.
L'Oreal announced that its plant expansion project in Yichang, Hubei, has been completed.
L'Oreal published its financial report for 2012 in Shanghai, stating that its sales in China reached CNY12.05 billion in 2012, a year-on-year increase of 12.4%.
L'Oreal China has published its annual financial report for 2011 in Shanghai, stating that its sales in China were over CNY10 billion for the first time, reaching CNY10.7 billion and a year-on-year increase of 18%.
L'Oreal China will reportedly accelerate its deployment in 600 second-tier cities in China, of which half of these cities are with a population of over one million.
L'Oreal Group, one of the world's largest cosmetics companies, has announced plans to enter China's mass shampoo market.