Gaillard noted clean beauty has not been offered in a large scale format in the Middle East the way it has in other markets like the U.S. After thinking about scaling, Gaillard met with the Chalhoub Group and found they would be an optimal partner as they had a “similar train of thought in terms of what they wanted to do with clean beauty,” he said.
According to Vercruysse, Chalhoub Group maintains more than 50 percent of the beauty market share in the Middle East, and therefore the group felt it was their responsibility to build out the clean category. In doing this, The Detox Market will launch first on the Faces website and then will expand into brick-and-mortar locations in the second half of 2023 with a focus on the skin care category, according to Gaillard.
As part of the partnership, the brand will do selective brand launches on the site over time with an initial focus on the skin care category, with brands like True Botanicals and Odacité, to ensure they are able to properly introduce and educate consumers on their offerings. Chalhoub Group also plans to host online and offline activations in partnership with influencers to further The Detox Market’s presence in the Middle East.
With this expansion, the Detox Market expects the Middle East market to be a multimillion-dollar opportunity, accounting for an estimated 10 percent of sales in 2023 and 15 to 20 percent of sales in 2024. The Detox Market also anticipates the revenue to double between the first half and second half of 2023.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Fonte: PoPville - 🏆 435. / 53 Consulte Mais informação »