Coty said it expects to double sales of its skincare products in the coming years, a goal the beauty company has kicked off by homing in on consumers in China
Sept. 21, 2022 9:48 am ETin coming years, a goal the beauty company has kicked off by homing in on consumers in China.
The beauty company said that it is on track to see skin care revenue increasing to as much as $600 million by 2025. In China, where it has rolled out brands and targeted new markets, it is already winning over consumers to its skin care lines, Chief Executive Officer Sue Nabi said ahead of a company investor event. She added that the total skin care market is $150 billion, leaving more opportunity for Coty to grow.
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