In this article, we discuss the 5 biggest beauty companies in the world. If you want to read about some more beauty companies, go directly to 14 Biggest Beauty Companies In The World.
5. Shiseido
Shiseido, a Japanese multinational company, is one of the oldest beauty firms in the world with sales worth $9 billion. The Japan-based company aims to invest in premium skin beauty products as well as online platforms to increase its growth in the future. It has five major brand categories which are Prestige, Fragrance, Cosmetics, Personal Care, and Professional range. Shiseido recently signed a three-year global strategic partnership with a tech company, Tencent, to work together to build an innovative D2C model and enhance its E-commerce platform.
4. The Procter & Gamble Company (NYSE:PG)
The Procter & Gamble Company (NYSE:PG), founded in 1837, is a top beauty firm with sales worth 14.4 billion. The major product ranges are the hair care range which includes Head & Shoulders, Rejoice, Herbal Essences, Pantene, and the skin/ personal care which includes antiperspirants, deodorant, personal cleansing namely Olay, Safeguard, Old Spice, Secret, and SK-II. Procter & Gamble has focused on introducing innovative product range during Covid-19 pandemic such as necessities like personal care, hair care as well as skin care products, which boosted its annual sales.
3. The Estée Lauder Companies Inc. (NYSE:EL)
The Estée Lauder Companies Inc. (NYSE:EL), a U.S based company, founded in 1946, is a prominent beauty stock with sales worth $16 billion. The company has more than 25 high-end skin care, makeup, fragrance and hair care brands which are sold in 150 countries under brand names namely Estee Lauder, Aramis, Clinique, Lab Series, Origins, Tommy Hilfiger, DKNY, M·A·C, La Mer, Bobbi Brown, Aveda, Jo Malone London, Smashbox, Michael Kors, Darphin Paris, Tom Ford Beauty, Ermenegildo Zegna, AERIN, Bumble and bumble, Le Labo, Glamglow Kilian Paris, Too Faced, Dr.Jart, The Ordinary and NIOD.
2. Unilever PLC (NYSE:UL)
Unilever PLC (NYSE:UL), a British multinational, founded in 1929, is a beauty giant with sales worth $26 billion. Unilever has its presence in 190 countries with 25 million retail outlets all over the world. It is known as the world’s second largest advertiser based on media spend. The company owns top 50 global consumer brands of the world.
1. L’Oreal
L’Oreal, a France based multinational, founded in 1909, is the biggest beauty firm in the world with sales worth $34 billion. The major product range includes hair care, skin care, color cosmetics and fragrances under various brand names supplied through its different channels. The company is aiming to achieve remarkable growth in upcoming years as the new CEO, Nicolas Hieronimus, has emphasized that the company is pursuing an offensive product launch strategy and simultaneously focusing on investment in innovative growth key drivers for future growth and brand desirability.
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