L’Occitane sales on the up despite disappointing performance in Hong Kong
French beauty brand L’Occitane has announced sales for the year ending March 31 increased by 8.9 percent at 1.28 billion euros.
Growth surged on in China – which saw sales grow by 16.8 percent – France, Japan, Brazil and Russia however a poor performance in Hong Kong saw total retail sales in Hong Kong and Macau fall by 15.2 percent. The disappointing results were attributed to a fall in mainland Chinese tourists visiting the region, which also affected Hong Kong’s travel retail sector.
L’Occitane has a strong presence in Hong Kong with 36 stores in the region.
Reader pulse
Will Hong Kong retail recover for L'Occitane?
16,797 votes so far