08.02.22
South Korea
www.lgcare.com
Sales: $6.3 billion
Key Personnel: Suk-Yong Cha, chairman; Hong Ki Kim, executive vice chairman and CFO
Major Products: Cosmetics—The History of Whoo, O Hui, SU:M37, Belif, Beyond, Dermalift, CNP, CNP Rx, VDL, VDIVOV, Isa Knox, Sooryehan, Code Glokolor, Vonin, Carezone, The Saga of Xiu, Nature Collection, TheFaceShop, FMGT, Dr. Belmeur, Yehwadam; Health—Hair care Elastine, Organist, Rien Dr. Groot, Silk Therapy; Oral care—Perioe, Bamboo Salt, Reach; Cleaning—Homestar, Safe, Jayeonpong, PongPong; Skin care—Veilment, Gentology, Physiogel; Baby—Babience, Toddien, Method, Sirius; Laundry—Saffron, Hanip, Tech, Super Ti, Fiji, Oxygen Clean; Aromatics—Aura
New Products: Arctic Fox hair care (acquisition)
Comments: Sales rose 3.1% to a record. Both sales and operating profit have grown for 17 consecutive years.
Total beauty sales rose 3.2%. Premium beauty sales declined 0.4%. LG blamed the decline on the pandemic, but noted that business is expanding in China.
Home care/daily beauty sales rose 9.9% on the strength of brands such as Reen, Dr. Groot, Bamboo Salt and Physiogel. As ESG concerns grew into a megatrend, L&G rolled out eco-friendly fabric softeners that are free of microplastics, and paper packaged shampoo bars and powder toothpaste.
Last year, LG closed its deal to acquire a 56% stake in Boinca Inc., the US manufacturer that owns hair care brand Arctic Fox. The deal was valued at $100 million, according to Brutzkus Gubner, which represented Boinca in the deal.
Arctic Fox is best known for its vibrant, long-lasting, semi-permanent hair dyes that are vegan and cruelty-free. Launched in 2014, the range is a bestseller on Amazon and other leading beauty retailers and has strong social media presence, according to LG.
www.lgcare.com
Sales: $6.3 billion
Key Personnel: Suk-Yong Cha, chairman; Hong Ki Kim, executive vice chairman and CFO
Major Products: Cosmetics—The History of Whoo, O Hui, SU:M37, Belif, Beyond, Dermalift, CNP, CNP Rx, VDL, VDIVOV, Isa Knox, Sooryehan, Code Glokolor, Vonin, Carezone, The Saga of Xiu, Nature Collection, TheFaceShop, FMGT, Dr. Belmeur, Yehwadam; Health—Hair care Elastine, Organist, Rien Dr. Groot, Silk Therapy; Oral care—Perioe, Bamboo Salt, Reach; Cleaning—Homestar, Safe, Jayeonpong, PongPong; Skin care—Veilment, Gentology, Physiogel; Baby—Babience, Toddien, Method, Sirius; Laundry—Saffron, Hanip, Tech, Super Ti, Fiji, Oxygen Clean; Aromatics—Aura
New Products: Arctic Fox hair care (acquisition)
Comments: Sales rose 3.1% to a record. Both sales and operating profit have grown for 17 consecutive years.
Total beauty sales rose 3.2%. Premium beauty sales declined 0.4%. LG blamed the decline on the pandemic, but noted that business is expanding in China.
Home care/daily beauty sales rose 9.9% on the strength of brands such as Reen, Dr. Groot, Bamboo Salt and Physiogel. As ESG concerns grew into a megatrend, L&G rolled out eco-friendly fabric softeners that are free of microplastics, and paper packaged shampoo bars and powder toothpaste.
Last year, LG closed its deal to acquire a 56% stake in Boinca Inc., the US manufacturer that owns hair care brand Arctic Fox. The deal was valued at $100 million, according to Brutzkus Gubner, which represented Boinca in the deal.
Arctic Fox is best known for its vibrant, long-lasting, semi-permanent hair dyes that are vegan and cruelty-free. Launched in 2014, the range is a bestseller on Amazon and other leading beauty retailers and has strong social media presence, according to LG.