Perfect Diary owner Yatsen reportedly keeps acquisitions on the table
Caixin reports that skincare now accounts for over 70% of Yatsen’s sales, while CEO David Huang says growing its existing brands is the immediate priority.
TLDR
Perfect Diary owner Yatsen is leaving the door open to future brand acquisitions as its skincare-focused transformation gathers pace, Caixin reports. Skincare accounts for more than 70% of the Chinese cosmetics maker’s revenue, but CEO David Huang says scaling its current brands remains the immediate priority.
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