08.01.23
South Korea
www.lgcare.com
Sales: $4.2 billion
Key Personnel: Lee Jung-ae, president and chief executive officer; Hong-Gi Kim, chief financial officer; Seon-Gyu Park, chief technology officer
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: Sum 37 Micro Active line, Code Glocolor (by Glint) cosmetics, Euthymol teeth-whiteners, Physiogel Dailimune Defense Cushion
Comments: Corporate sales fell 11.2%. Operating profit plunged nearly 45%. By category, beauty sales sunk nearly 65% and home care and daily beauty sales fell 9.1%.
Beauty sales tanked as The History of Whoo reported a 38% sales decline, while sales of SU:M37 fell 16%. Some good news is that sales of O Hui rose 17%.
HCDB sales increased 7.4%, as sales of Veilment and Physiogel skincare products rose 22% and 17%, respectively.
In November, Lee Jung-ae was named chief executive officer. She is the first woman to lead LG Household & Health Care. She replaced Cha Suk-yong who led LG H&H for 18 years.
“Lee has a good understanding of all business areas of the company, from cosmetics to beverages and household goods,” the company said in a statement.
As a veteran marketer, Lee spearheaded the global growth of LG Household & Health Care’s luxury cosmetic brands, such as O Hui and Whoo, since 2015. The Whoo brand alone broke one trillion won in annual revenue a year later, the company explained.
Since 2019, Lee had been the head of marketing of the company’s beverage products, such as Coca-Cola and Seagram’s carbonated water.
For Q1 2023, sales rose 2.4%. Beauty sales rose less than 1% and operating profit fell 11.3%, which the company blamed on double-digit sales decline in China. Home Care & Daily Beauty sales increased 1.9%; operating profit fell almost 41%.
www.lgcare.com
Sales: $4.2 billion
Key Personnel: Lee Jung-ae, president and chief executive officer; Hong-Gi Kim, chief financial officer; Seon-Gyu Park, chief technology officer
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: Sum 37 Micro Active line, Code Glocolor (by Glint) cosmetics, Euthymol teeth-whiteners, Physiogel Dailimune Defense Cushion
Comments: Corporate sales fell 11.2%. Operating profit plunged nearly 45%. By category, beauty sales sunk nearly 65% and home care and daily beauty sales fell 9.1%.
Beauty sales tanked as The History of Whoo reported a 38% sales decline, while sales of SU:M37 fell 16%. Some good news is that sales of O Hui rose 17%.
HCDB sales increased 7.4%, as sales of Veilment and Physiogel skincare products rose 22% and 17%, respectively.
In November, Lee Jung-ae was named chief executive officer. She is the first woman to lead LG Household & Health Care. She replaced Cha Suk-yong who led LG H&H for 18 years.
“Lee has a good understanding of all business areas of the company, from cosmetics to beverages and household goods,” the company said in a statement.
As a veteran marketer, Lee spearheaded the global growth of LG Household & Health Care’s luxury cosmetic brands, such as O Hui and Whoo, since 2015. The Whoo brand alone broke one trillion won in annual revenue a year later, the company explained.
Since 2019, Lee had been the head of marketing of the company’s beverage products, such as Coca-Cola and Seagram’s carbonated water.
For Q1 2023, sales rose 2.4%. Beauty sales rose less than 1% and operating profit fell 11.3%, which the company blamed on double-digit sales decline in China. Home Care & Daily Beauty sales increased 1.9%; operating profit fell almost 41%.