All data are based on the daily closing price as of September 16, 2024

Luo Lih-Fen Holding Reports 18% Revenue Growth in July, Expands Sales Channels

Company adds over 1,000 franchise stores, exceeding 7,000 outlets across major sales channels
Taiwan
l 6666.TW Beauty 40
Share this on

Luo Lih-Fen Holding reported July revenue of NT$88.53 million (approximately US$2.87 million), marking an 18% year-on-year increase. The growth is attributed to the expansion of the company’s three major sales channels: beauty professional line, CS daily chemical line, and Shuangmei Outpatient Center flagship stores. Chairman Luo Lih-Fen emphasized the company’s successful expansion strategy during the “Shanghai Summit” and the “Taipei International Beauty Show,” noting that the total number of sales outlets now exceeds 7,000, with no cap on future expansion.

This year, the CS daily chemical line saw a strong start with its first investment conference in Xiamen in March, surpassing expectations with higher-than-anticipated franchise orders. Additionally, a joint investment conference for beauty professional lines in Nanjing in April drew over 1,200 attendees, driving further growth in the second quarter.

In July, another investment promotion event added more than 1,000 franchise stores, boosting the number of daily chemical line stores to over 2,000. The company also expanded its Shuangmei stores on both sides of the Taiwan Strait and introduced the “Mokli Skin” brand, targeting high-end customers with anti-aging treatments.

Despite challenges in China’s consumer market, Luo Lih-Fen Honling continues to grow, leveraging large-scale investment conferences and strategic partnerships, including a collaboration with Taipei Medical University. The company’s expansion into biotechnology and health management services underscores its commitment to innovation and market leadership.

 

 

Share this on
Jakota Newsletter

Stay ahead in the JAKOTA stock markets with our roundup of vital insights

Icon scroll to top