SHANGHAI, May 6, 2024
/PRNewswire/ -- In April 2024, the
internationally renowned fashion media WWD (Women's Wear
Daily) released "The 2023 WWD Beauty Inc Top 100" list. Shanghai Juyi Cosmetics Co., Ltd. ("JOY
GROUP"), demonstrating steady market growth, secured the
70th position. This marks the company's second consecutive year
among the top 100 global beauty companies, advancing 16 places from
its previous 86th rank.
In the 2022 ranking, JOY GROUP made its debut on the list and
was also placed 9th in the Beauty's Top 10 Sales Gainers. Being
listed for two consecutive years fully demonstrates JOY GROUP's
steady growth and expanding influence on the international beauty
stage, showcasing the strength of Chinese beauty to both domestic
and international audiences.
As a respected publication known as the "Bible of Fashion", WWD
holds considerable influence within the fashion world. The Top 100
Beauty Companies List, an annual ranking by WWD Beauty Inc of the
world's largest beauty companies by sales, is a highly respected
authority on the global beauty sector.
About JOY GROUP
JOY GROUP is Asia's leading
beauty company on a mission to "Create a world of beauty that
brings joy to everyone." The group encompasses three major brands:
JUDYDOLL, JOOCYEE, and René Furterer (China operations). JOY GROUP's products range
from cosmetics to hair and scalp care.
In 2023, JOY GROUP surpassed total retail sales of US$450M (RMB 3B),
accompanied by a revenue milestone of US$360M (RMB
2.61B), showcasing a remarkable year-on-year growth of 48%
(excluding René Furterer). JOY GROUP now ranks No. 2 among Chinese
domestic players in colour cosmetics, reinforcing its leading
position within the industry.
JOY GROUP now manages an extensive network including flagship
stores in major e-commerce platforms, over 50 offline boutiques,
and a nationwide presence in over 10,000 offline cosmetic stores
across China. Additionally, with its wholly owned cosmetics
factory and laboratories, JOY GROUP boasts the capabilities of a
full turn-key supply chain, including research & development,
manufacturing, marketing, and sales.
Since 2020, JOY GROUP has actively expanded its reach into
overseas markets, building a solid presence in Japan and ASEAN markets. The GROUP aims to
further extend its presence to high-growth potential markets such
as the United States, Australia, Canada, and the Middle East.
For more information,
please visit www.joy-group.com
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SOURCE Shanghai Juyi Cosmetics Co., Ltd.