Le Labo previously had two stores in Hong Kong and the upcoming store in Shanghai's Xintiandi will be its first store in mainland China.

Estée Lauder's Fragrance recorded only 1% growth in the Q3 of FY2023, a much narrower increase compared to the 28% growth in Q3 of FY2022.

Estee Lauderis set to accelerate its expansion in China to tap into the growing demand for fragrance products.