This week at the 8th China International Import Expo in Shanghai, two global giants—L’Oréal and Tapestry—announced they’re ramping up their bets on the Chinese mainland. 🚀
Nicolas Hieronimus, CEO of L’Oréal Group, described China as “a highly dynamic hub of innovation and a testing ground for new ideas.” Sandeep Seth, Chief Growth Officer of Tapestry, echoed this, highlighting how the market’s fast-paced ecosystem pushes brands to stay creative.
Both companies plan to open nearly 100 new stores across the Chinese mainland over the next year, reinforcing their confidence in local consumers and the mainland’s growth potential. From beauty pop-ups to lifestyle boutiques, these new spaces are designed to spark fresh experiences and tap into the region’s taste for novelty. 💄👜
For investors and young entrepreneurs, this move signals that the Chinese mainland remains a hotbed for innovation and opportunity. Keep an eye on these openings—they could inspire your next big idea! ✨
Reference(s):
cgtn.com
