L’Oréal breaks 5 trillion yen mark, leads Estee Lauder and P&G sales decline: No. 1 to No. 10[2022 edition of the top 100 global beauty companies]- WWD JAPAN

Every year, BEAUTY INC, published by WWD in the United States, publishes the ranking of the top 100 global beauty companies based on their sales (including estimates) from January to December. In the July 24, 2023 issue of “WWD JAPAN”, the appendix “WWDBEAUTY” summarizes the 2022 rankings and the movements of each company. Below are the top 10 companies. L’Oreal, which tops the list, has grown to “the highest in nearly 20 years” and is far ahead. The top 10 companies are the same as in 2009, but the sales of 3 companies turned negative. (This article is excerpted from the appendix “WWDBEAUTY” of the July 24, 2023 issue of “WWD JAPAN”)

1 person
L’Oreal

Clichy (France)

Turnover 38.26 billion euros
(approximately 5,279.8 billion yen)
Compared with the same period last year +18.5%

Brand list

Consumer Products Business Headquarters:L’Oreal Paris, Garnier, Maybelline New York, NYX Professional Makeup, Stylenanda, Essie, Mixa
L’Oreal Luxury Business Headquarters:Lancome, Yves Saint Laurent, Giorgio Armani, Kiehl’s, Helena Rubinstein, Biotherm, Shu Uemura, It Cosmetics, Ralph Lauren, Urban Decay, Mugler, Valentino, Victor & Rolf, Azzaro, Takami , Prada, Diesel, Carita, Atelier Colon, Youth for people
Professional Products Business Headquarters:L’Oreal Professional, Redken, Kerastase, Matrix, Purology
Active Cosmetics Business Headquarters:La Roche-Posay, Vichy, Skinceuticals, Seravi, SkinBetterScience, etc.

information

In 2022, L’Oréal will achieve its fastest growth in 30 years. Sales in the last three months exceeded 10 billion euros (approximately 1.38 trillion yen), and the quarterly performance hit a record high. “All businesses are doing well and we are doing better than before the pandemic,” said CEO Nicolas Hieronymus. “Deploying new sales offices during the pandemic has allowed us to optimize our regional strategy, accelerate growth and improve cost control.” On the other hand, exchange rate fluctuations had a significant impact of more than 7%.

All divisions showed strong growth, with Professional Products up 10.1% year-on-year and L’Oréal Luxury business up 10.2% year-on-year. Sales in the Active Cosmetics segment increased by 21.9% year-on-year, almost doubling compared to 2019. The subdued China market also grew 5.5% year-on-year, but said this was driven by double-digit growth in e-commerce and a strong performance in W11.