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Hainan travel retail: Can beauty expect long-term growth when international travel resumes post-COVID?
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POLA expecting overseas sales to surpass $270m by 2023 on the back of China demand
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Amorepacific, LG H&H and more feature in our latest beauty business and finance update
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Pola Orbis Holdings is aiming to capitalise on the growing popularity of the POLA brand in China by launching up to five additional doors on Hainan Island this year.
POLA is a high-end skin care brand and the flagship of the Japanese cosmetics maker. It is set to launch into Hainan Island for the first time in July.
In line with the company’s plan to rapidly expand in the popular holiday destination, the company said it would continue to grow its footprint in downtown and airport shops.
This expansion follows the tremendous success of POLA in the Chinese market in recent months.
- (JP) Japan Econ Min Nishimura: Japan will maintain State of Emergency in 10 regions
- (JP) Japan Fin Min Aso: Domestic economy still in severe shape; Some foreign economies showing recovery signs
Korea
North America
- (US) Treasury Sec Yellen and President Biden to receive economic briefing on Friday (Feb 12th)
- (US) US Treasury Sec Yellen and Fed Chair Powell to participate in virtual meeting of G7 Finance Ministers on Friday (Feb 12th)
- (US) US House Panel advances $15.0B stimulus measure related to payroll aid for airlines (as expected)
Europe
- (IT) Five-Star Party votes in online member survey to support a Draghi govt – press