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RELEASE: JOY GROUP ranks 70th in the WWD Beauty Inc Top 100, rising 16 positions in the ranking

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RELEASE: JOY GROUP ranks 70th in the WWD Beauty Inc Top 100, rising 16 positions in the ranking

(Information sent by the signatory company)

SHANGHAI, May 6, 2024/PRNewswire/ -- In April 2024, internationally renowned fashion media WWD (Women's Wear Daily) released "The 2023 WWD Beauty Inc Top 100" list. Shanghai Juyi Cosmetics Co., Ltd. ("JOY GROUP"), demonstrating consistent market growth, achieved position 70. This marks the company's second consecutive year among the top 100 global beauty companies, advancing 16 positions from its previous 86th position.

In the 2022 ranking, JOY GROUP made its debut on the list and also ranked ninth among the top 10 beauty sales gainers. Being on the list for two consecutive years fully demonstrates the constant growth and increasing influence of JOY GROUP on the international beauty scene, showcasing the strength of Chinese beauty to both domestic and international audiences.

As a respected publication known as the "Fashion Bible", WWD has considerable influence within the fashion world. The Beauty Top 100 List, an annual ranking by WWD Beauty Inc of the world's largest beauty companies by sales, is a highly respected authority in the global beauty industry.

About JOY GROUP

JOY GROUP is Asia's leading beauty company with a mission to "Create a world of beauty that brings joy to everyone." The group encompasses three main brands: JUDYDOLL, JOOCYEE and René Furterer (operations in China). JOY GROUP products range from cosmetics to hair and scalp care.

In 2023, JOY GROUP surpassed total retail sales of US$450 million (RMB3 billion), accompanied by a revenue milestone of US$360 million (RMB2.61 billion), showing remarkable year-on-year growth of 48% (excluding René Furterer). JOY GROUP now ranks second among Chinese domestic players in color cosmetics, reinforcing its leading position within the industry.

JOY GROUP now manages an extensive network that includes flagship stores on major e-commerce platforms, more than 50 offline boutiques, and a nationwide presence in more than 10,000 offline cosmetics stores across China. Furthermore, with its wholly-owned cosmetics factory and laboratories, JOY GROUP has the capabilities of a complete, turnkey supply chain, including research and development, manufacturing, marketing and sales.

Since 2020, JOY GROUP has actively expanded its reach into overseas markets, building a strong presence in the Japan and ASEAN markets. The Group intends to further expand its presence into potential high-growth markets such as the United States, Australia, Canada and the Middle East.

For more information, visit www.joy-group.com

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