Shanghai Juyi Cosmetics Co., Ltd.
Shanghai (ots/PRNewswire)
JOY GROUP, the leading Chinese beauty company, has been included in the list of the world’s top 100 beauty companies and the list of the top 10 winners in beauty for 2022, according to the recently released ranking of the US fashion magazine Women’s Wear Daily (WWD). been recorded.
Often referred to as the “Bible of Fashion,” WWD is one of the oldest fashion publications in the world and has had a significant impact on the fashion industry. Since its inception, WWD has been daily reading for executives in the global fashion and beauty industries.
Each year, WWD Beauty Inc. publishes its authoritative list of the 100 Largest Beauty Companies in the World, based on sales for the past calendar year. Recognized as the “Beauty Industry Practitioner’s Guide,” this annual ranking is one of the most important in the global beauty industry.
In 2022, JOY GROUP debuted on the WWD Beauty Inc Top 100 list, ranking 86th. The company also ranked 9th in the list of Top 10 Beauty Sales Gainers in 2022, promoting the value of Chinese beauty with both domestic and global customers.
Shanghai Juyi Cosmetics Co.,Ltd. (“JOY GROUP”) is a leading multi-brand cosmetics company based in China. With JUDYDOLL and JOOCYEE, the company includes two legendary cosmetic brands. JUDYDOLL, ranked #5 on Tmall and #2 on Douyin (TikTok China) in the Home Cosmetics category, represents a colorful, cute and fun lifestyle. JOOCYEE exudes modern, romantic and tailored style for the Asian consumers and is ranked #1 in lipstick category and #6 in home cosmetics category on TikTok China.
With a direct-to-consumer approach, JOY GROUP today operates a network of flagship stores on the main e-commerce platforms in China and more than 30 offline monobrand boutiques. The company also integrates an end-to-end supply chain with its own laboratory and production facility.
In 2022, JOY GROUP recorded annual sales of USD 256.7 million (RMB 1.8 billion), an increase of about 30% year-on-year, achieving strong double-digit sales growth and sustained profitability in consecutive years .
Since 2020, JOY GROUP has purposefully expanded into overseas markets and won wide popularity among consumers in Japan and ASEAN markets. The company intends to expand its reach into Australia, Canada, the Middle East and other regions with high growth potential.
Contact:
CONTACT
Christine Bian
JOY GROUP Corporate PR
[email protected] learn more about JOY GROUP, visit https://www.linkedin.com/company/joy-group-china
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Original content from: Shanghai Juyi Cosmetics Co., Ltd., transmitted by news aktuell
