Crown cosmetics sales: Crown cosmetics sale reaches £1.3 billion

Crown cosmetics sales: Crown cosmetics sale reaches £1.3 billion

September 27, 2021 Comments Off on Crown cosmetics sales: Crown cosmetics sale reaches £1.3 billion By admin

Crown cosmetics will sell $1.5 billion worth of cosmetics in the UK, the company said on Monday.

The cosmetics giant will sell an array of cosmetics products including cosmetics kits, shampoo, body wash, eye creams and skincare products to retailers, with prices ranging from $1,895 to $1:12,000, the UK’s Advertising Standards Authority said.

It said it would sell cosmetics products for a range of consumers including children, women and older people, as well as men, people with disabilities and those who have a family history of cancer.

It has more than 8,000 stores in the United Kingdom and Ireland.

The UK cosmetics industry has seen a surge in activity as people increasingly look to cosmetics to cover their blemishes and the number of products sold in Britain has risen significantly.

Crown’s chief executive, Ian MacKenzie, said the sales would support the company’s expansion in emerging markets and support its continued commitment to improving its environmental performance and supporting the local economy.

“We will deliver a broad range of cosmetics brands and products to our customers across the UK,” he said.

“As we look to deliver the best possible products for customers across our diverse business, we are committed to ensuring that our suppliers can provide the best value and are fully accountable for the quality of their products.”

The cosmetics business is growing at a rapid pace, with the majority of its products sold now being from overseas, including from China, India and South Korea.

It is believed the sales will boost Crown’s profit margins to around 10 per cent, as it invests in its global supply chain and delivers better quality products.

More:The company has a portfolio of more than 400 brands including Lancôme, Marc Jacobs and L’Oreal.