World & BusinessPerfect 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.
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.