Sephora, the LVMH Moët Hennessy Louis Vuitton-owned cosmetics retailer, is scouting for a recent leader for China to spur growth and higher serve well-heeled customers.
In accordance with Bloomberg sources, the management reshuffle will occur as soon as this yr. The corporate’s managing director for Great China has been Maggie Chan since 2018.
A spokesperson for Sephora declined to comment.
In accordance with industry sources, Sephora sped past the 12 billion-euro sales mark in 2022 and is on pace to realize its goal of 20 billion euros over the approaching years.
Sephora is well-positioned to capture growth opportunities within the China market as shoppers begin to prioritize in-store shopping experiences post-COVID-19.
In accordance with Euromonitor, in 2022, China’s beauty and private care market fell 6.4...
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