First, L'Oreal in China track L'Oreal is the world's largest cosmetics group, owns lankou, L'Oreal, Maybelline, weizi, over 500 brands, has been famous for the United Kingdom in the financial times and the United States BusinessWeek called the "most admired companies" and "France United Kingdom", in the world, with a good reputation.
In 1996, L'Oreal entering China, officially 1997 established a branch in China. This year, Italy built Paul took 10 individual preparatory group and Maybelline (just acquired) managers began implementation of L'Oreal in China strategic intention, and strive to make China becomes a center of L'Oreal global strategy.
Since 1997, cover Paul L'Oreal's Paris L'Oreal, Maybelline, Garnier, lankou, helianna, Bristol Ouquan, LOREAL professional hair care, cards, poems, lifu weizi, spring to introduce, L'Oreal China will expand to the businesses of more than 500 Chinese cities. Starting from entering China, L'Oreal brought approximately $ 140 million has a certain buying power of the young and lively city women as target groups and different brands of the subdivision segments: consumer packaged goods such as L'Oreal, Maybelline, Paris, Garnier; professional salons such as card poems, L'Oreal professional hairdressing; luxury brands such as lankou, Bristol Ouquan, helianna; pharmacy designed PIN as weizi, lifu Springs, separately for the four categories of products up to four different sales channels, both in the classified market achieved a larger share: such as lankou, Maybelline, within their respective rating market and different sales channels have achieved first share, L'Oreal Paris occupies the upscale hair market, sold exclusively in pharmacies also becomes active health weizi cosmetics market leader ...
2002 L'Oreal in Chinese sales of over 1 billion 1 thousand 3 million euros. L'Oreal (China) in 2003 for the first three quarters will remain strong 66% sales growth, increases and the level of growth in 2002 is very basic. According to the latest report, as of the end of fiscal year 2004, L'Oreal to achieve global sales 145.3 billion euros over a comparable growth 6.2% deduction for exchange rate effects, and other factors, the actual growth 3.6%, China business in 2003, sales growth 69.3%, and 99% of new growth, sales of 30 billion yuan, become a Chinese cosmetic industry only powerhouse!
Second, on the Chinese market of
L'Oreal China somewhat late, and France corporate knowledge of China lagging behind. But L'Oreal is a world class multinational enterprises, to develop overseas markets have rich experience, come to China, but also with clear strategic intent, and superb market segmentation strategy, with multiple brands of the market means that divide rapidly a firm foothold. After a few years later, she found the L'Oreal's brands in their respective fields, are occupied an important position, to become this kind of product and consumer leadership or first-line brand, but the overall performance of the L'Oreal China or not. Further studies have shown that L'Oreal's lankou, weizi, such as luxury beauty cosmetics helianna, prices are usually between the hundreds of thousand dollars, although some high-end consumer crowd also to L'Oreal brings huge returns, but in the current market size of China, is still very limited. Although the Chinese high-end market of cosmetics growth has been inviting, but Chinese popular cosmetics market is so exciting that there have been large cosmetic areas of Procter and gamble for L'Oreal eye-opening ...
L'Oreal recognizes that to China seeking greater market share, it is necessary to develop new market space. The L'Oreal China brand structure, in the high-end market L'Oreal already have the corresponding brands occupy the corresponding market share, the rapid expansion of the market is unlikely, therefore, to achieve greater market space, we must face up to the massive popular cosmetics market. L'Oreal finally understand Chinese characteristics markets really means, in fact, it is enough to eat after the Chinese public's tremendous demand for cosmetics.