LF Beauty rebrands as MEIYUME
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LF Beauty, a one-stop shop partner and supplier of products and solutions for the beauty industry announced that it will now operate under the new brand name of MEIYUME. The rebranding comes to represent the evolution of the company and its response to the rapidly-changing beauty landscape and the changing face of today’s consumer.
The new brand positioning is based on the idea of MEIYUME as the catalyst shaping opportunities and transforming visions into reality with the fusion of MEI (美), Chinese for beauty, and YUME (夢), Japanese for dream.
As part of the rebrand, MEIYUME’s business has been restructured into three key divisions: Packaging & Turnkey Solutions, Retail Solutions, and Brands.
The rebrand has also given the company an opportunity to renew focus on its business strategy of Empowering Beauty Solutions. In addition to empowering established brands by providing them with the right products and solutions, it is also about paving the way for new brands to make their mark by collaborating and translating their unique identities into reality.
“With a new brand and structure, we are best-positioned to connect end consumers and the entire supply chain, and to create value for our customers like no other company in our industry.”said Gerard Raymond, President of MEIYUME.
Fung Group’s Deputy Group Chairman, William Fung, added: “It is the right time to undergo a full rebrand and really focus on who we are and the value we deliver to our customers.”
The rebrand comes after the completion of Li & Fung’s strategic divestment of its three product verticals (Furniture, Sweaters and Beauty) in April 2018 to form LH Pegasus, which is 45% owned by Hony Capital and 55% owned by the Fung Group.
Questions & Answers
Q.What are the new business divisions created as part of the MEIYUME rebrand?
What are the new business divisions created as part of the MEIYUME rebrand?
The company's business has been restructured into three main divisions. These are Packaging & Turnkey Solutions, Retail Solutions, and Brands. This reorganisation aligns with their updated business strategy.
Q.What is the new brand positioning or core idea behind MEIYUME?
What is the new brand positioning or core idea behind MEIYUME?
The new brand positioning is based on MEIYUME acting as a catalyst to shape opportunities. It focuses on transforming visions into reality, combining 'MEI' (Chinese for beauty) and 'YUME' (Japanese for dream).
Q.When did LF Beauty's strategic divestment take place, leading to its current ownership structure?
When did LF Beauty's strategic divestment take place, leading to its current ownership structure?
The strategic divestment of Li & Fung's product verticals, including Beauty, was completed in April 2018. This divestment led to the formation of LH Pegasus, which now owns the company.
Q.Who are the current owners of LH Pegasus, the entity that includes MEIYUME?
Who are the current owners of LH Pegasus, the entity that includes MEIYUME?
LH Pegasus is owned by two main parties. Hony Capital holds a 45% stake in the company, while the Fung Group retains the majority ownership with a 55% share.
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