Industry news

The key highlights of the first quarter of this year were:

1. AMOUAGE reported its highest sales quarter on record in the first quarter of 2024, with sales growing +23.8% sequentially (+49% Yoy), driven by the brand's appeal, creative vitality and artisan strength.

2. Korea's largest beauty retail chain - OliveYoung Corp. It will expand its global footprint by setting up a subsidiary in Japan in the first half of this year.

3. UK beauty chain The Fragrance Shop reported strong like-for-like sales growth of 6.1% in its last financial year ended April 1, 2024, with overall business up 9.4%.

4. Jo Malone London aims to target the men's fragrance category by hiring British actor Tom Hardy as the face of its Cypress&Grapevine cologne Intense collection.