×
178
Fashion Jobs
CTA APPARELS PVT. LTD
Opening For Merchandising Manager- Noida(Garment Export)
Permanent · Noida
CTA APPARELS PVT. LTD
Opening For Merchandising Manager- Noida(Garment Export)
Permanent · Noida
STAR UNION DAI ICHI LIFE INSURANCE (SUD LIFE)
Hiring- Area Manager - Bancassurance- Kolkata Metro
Permanent · Kolkata
NIKKO & CO.
Area Sales Manager /Sales Officers(5-10 Yrs Into Fmcg)
Permanent · Karimnagar
FUTURE GENERALI
Opening For Area Manager in Bangalore With Future Generali li
Permanent · Bengaluru
INFEXN LABORATORIES PRIVATE LIMITED
Area Sales Manager
Permanent · Mumbai
LENSKART
Area Operations Manager
Permanent · Chennai
WALPLAST PRODUCTS
Opening For Manager Sales - Walplast Products Pvt. Ltd. (Pune)
Permanent · Pune
ADECCO INDIA PRIVATE LIMITED
Job Opening For Area Sales Manager Role For Mnc Company
Permanent · Bengaluru
DR LAL PATHLABS
Area Sales Manager -Chandigarh
Permanent · Chandigarh
JOB INDIA
Regional Manager Sales (Backend Operations)Garments - Gurgaon
Permanent · Faridabad
MANPOWERGROUP SERVICES INDIA PRIVATE LIMITED
Area Sales Manager/sr.Area Sales Manager
Permanent · Kolkata
HERITAGE NUTRIVET LIMITED
Cattle Feed - Area Sales Manager - Salem Location
Permanent · Salem
THINK FIRST DIGITAL
Hiring For Event Production Manager - Mumbai
Permanent · Mumbai
LUPIN
Opportunity For Area Manager - Mass Marketing - Lupin Ltd
Permanent · Pune
SOBHA
Manager - Sales at Sobha Nesara, Kothrud - Pune
Permanent · Pune
PETPOOJA
Area Sales Manager || Software Sales (Pos) || Petpooja
Permanent · Navi Mumbai
FLEETX
Assistant Area Sales Manager/ Area Sales Manager
Permanent · Haldia
FLEETX
Area Sales Manager
Permanent · Tirunelveli
MINIVEL SERVICES
Area Sales Manager - Insurance Company
Permanent · Bengaluru
POLYCAB
Area Sales Manager
Permanent · Chennai
ACME SERVICES PRIVATE LIMITED
Purchase Manager For a Leading Textile Brand
Permanent · Mumbai
Translated by
Nicola Mira
Published
Dec 4, 2020
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

L'Occitane International posts 15% revenue slump in H1

Translated by
Nicola Mira
Published
Dec 4, 2020

Cosmetics group L’Occitane International has been hit hard by the Covid-19 crisis which, at its peak, forced the group to close 75% of its 1,569 stores around the world. This caused the group’s sales to drop by 15.2%, to €616.6 million (and by 13.1% at constant exchange rates) in the first half of the 2020-21 financial year. Between April and September, the operating income of L’Occitane International, owner of L’Occitane en Provence, MelvitaErborian and Elemis, was €32.89 million, compared to €41.7 million in the same period a year before.


Elemis is one of the brands in L'Occitane International's portfolio - Elemis


L’Occitane en Provence, the group's leading brand, accounting for 75% of its total revenue, generated sales worth €462.3 million, down by 16.7%. Sales for skincare brand Elemis were €64.6 million, equivalent to a 23.2% decline.

The group’s ‘other brands’ segment, including Melvita and Erborian, generated a revenue of €35.2 million, for a 25.6% decrease. Only U.S. make-up brand LimeLife bucked the trend, boosted by new product launches, flash promotions and a new mobile app, propelling its sales up by 33.5%, to €54.3 million.

In France, where L’Occitane International operates 87 stores, revenue in the period reached €37.5 million, as opposed to €48.6 million in H1 2019. With sales worth €113.9 million, the U.S. remains the main market for L’Occitane, even though it recorded a 14.7% slump. In H1 2020-21, the only region in which the group grew was Asia: sales in China increased by 27.1%, to €97.4 million, and those in Taiwan rose by 19%.

Notably, online sales for L’Occitane jumped up by 80.8% in the first six months of the financial year. The group underlined that it will still face plenty of challenges in the rest of the year, and indicated that it might cut 300 jobs from among its 9,000-strong workforce. 

L’Occitane International is currently restructuring L’Occitane’s Brazilian organisation, and that of Melvita, and is also in the process of rationalising its retail footprint in the U.S.
 

Copyright © 2022 FashionNetwork.com All rights reserved.