The Bleak Winter of the Chinese Beauty Industry Drags on
- Chaileedo Press
- Jul 19, 2022
- 3 min read
Updated: Aug 30, 2022
Abstract: In the first half of this year (2022 H1), China's cosmetic retail sales totals 190.5 billion yuan, down by 2.5% year-on-year, and the beauty market is still going downwards.According to CHAILEEDO, as of the first half of this year, 15 beauty brand have declared shutdowns or have shown signs of "beating a retreat".
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