SHANGHAI, May 16, 2023 /PRNewswire/ — JOY GROUP, the leading Chinese beauty company, has joined the ranks of the world’s top 100 beauty corporations and the highest 10 gainers list in beauty for 2022, as per the recently released rankings by the U.S.-based fashion journal Women’s Wear Each day (WWD). 

WWD, also known as the “Bible of fashion”, is one in every of the oldest fashion publications globally, wielding considerable influence in the style industry. Since its inception, WWD has been a each day read for executives in the worldwide fashion and wonder industry. 

Annually, WWD Beauty Inc. releases its definitive list of the world’s top 100 beauty corporations, based on sales within the previous calendar yr. Recognized because the “Beauty Industry Practitioner’s Guide”, this annual rating is one of the authoritative in the worldwide beauty industry.

In 2022, JOY GROUP made its debut on the WWD Beauty Inc Top 100 list, ranked 86th. The corporate also ranked ninth within the Beauty’s Top 10 Sales Gainers in 2022 list, promoting the worth of Chinese beauty to each domestic and global customers. 

Shanghai Juyi Cosmetics Co., Ltd. (“JOY GROUP”) is a number one multi-brand cosmetics company based in China. The corporate encompasses two iconic cosmetics brands, JUDYDOLL and JOOCYEE. JUDYDOLL, rating fifth on Tmall and 2nd on Douyin (TikTok China) within the domestic cosmetics category, caters to a colourful, sweet, and fun lifestyle. JOOCYEE exudes a contemporary, romantic, and tailored style for the Asian female consumer, rating No.1 within the domestic lipstick category and No.6 within the domestic cosmetics category on TikTokay China. 

With a direct-to-consumer approach, JOY GROUP now operates a network of flagship stores on China major ecommerce platforms, and 30+ offline monobrand boutiques. The corporate also integrated end-to-end supply chain capability with its own laboratory and manufacturing facility. 

In 2022, JOY GROUP recorded an annual revenue of USD 256.7 mn (RMB1.8 bn), a rise of roughly 30% YoY, achieving strong double-digit revenue growth and sustainable profitability in consecutive years. 

Since 2020, JOY GROUP has proactively expanded to overseas markets, gaining wide popularity from consumers in Japan and ASEAN markets. The corporate goals to further expand its reach to Australia, Canada, the Middle East, and other regions with high growth potential.

MEDIA CONTACT
Christine Bian
JOY GROUP Corporate PR
[email protected]
To learn more about JOY GROUP, visit https://www.linkedin.com/company/joy-group-china

SOURCE Shanghai Juyi Cosmetics Co., Ltd.