Best market activity in Brazil, UK and Japan
Provencal cosmetics group L'Occitane, now listed on the Hong Kong exchange, has reported a 27.8% rise in net sales in first-half 2010 to €331.2m with profits rising by 19% to some €30m. Market activity was well sustained in both Brazil, where sales went up 44%, and in the UK with an increase of 40%. Sales in Japan rose 30.2% while sales in France dipped 0.7% to €36.1m.
A total of 62 new outlets have been added this year to bring the total number of points of retail sales to 1642. L'Occitane's own store number in the reporting period reached 826. While China currently accounts for only 3% of total sales, chairman Reinold Geiger said recently that it was hoped the company's outlets there would rise to some 300.