E.l.f. to Exit China Market

  • 📰 wwd
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 68%

Business News News

Business Business Latest News,Business Business Headlines

E.l.f. Cosmetics, the American mass-market beauty brand known for its viral TikTok ads, announced that it will shut down its Tmall and Douyin Flagship Store on March 15 and exit the Chinese market on March 31.

“Since we entered the Chinese market, we have been attuned to the needs of our consumers and are committed to providing every eye, lip, and face with new and trendy makeup products,” the brand wrote in a notice on its Tmall homepage.

“Unfortunately, due to global strategy adjustments and other objective factors, we will leave theAt the time of the announcement, the brand had around 480,000 followers on Tmall and 48,000 followers on Douyin. Around 30 product listings remained on its Tmall and Douyin shop, selling at a steep discount.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 24. in BUSİNESS

Business Business Latest News, Business Business Headlines