Strong growth for Kruidvat’s parent company

Strong growth for Kruidvat’s parent company

Hutchison Whampoa, the company which owns Kruidvat, has presented a 20 % net profit rise, mostly because European retail activities performed excellently

A first: Europe is the prime market

Hutchison Whampoa, the owner of the A.S. Watson group above Kruidvat and Ici Paris XL, has managed a 24 billion Hong Kong dollars (2.25 billion euro) operational profit for its European branch in 2013, which is 37 % of the company’s total profit. It signals Europe’s first ever profit lead in the company, ahead of Hong Kong and China.

 

The European investments are paying off, as the region barely managed 12 % of the group’s profit in 2008, while Hong Kong and China represented 45 %. The worldwide operational profit in retail grew 14 % to 11.77 billion Hong Kong dollars (1.11 billion euro).

 

Europe’s retail branch consists of, among others, Ici Paris XL, Trekpleister, Kruidvat and The Perfume Shop, and all of them together created a 60.5 billion Hong Kong dollars (5.7 billion euro) turnover. This meant turnover has increased 8 % compared to 2012 and on a like-for-like basis, the growth is still 2.8 %.

 

There were no separate Kruidvat numbers from Hutchison Whampoa, even though it did reveal that the 2013 sales in Belgium, the Netherlands and Luxembourg had all improved. Apparently, more than 70 % of all Dutch households bought something at Kruidvat in 2013.

Questions or comments? Please feel free to contact the editors


Sephora launches smaller store formula

24/07/2017

Cosmetics manufacturer Sephora launched a smaller store formula in the United States. Up until now, it had focused on large stores, but has now turned its attention to smaller stores.

Brazilian takeover of The Body Shop confirmed

29/06/2017

L’Oréal has officially confirmed the sale of its British subsidiary The Body Shop to Brazilian Natura Cosméticos. The deal was signed this week, is estimated to be worth 1 billion euro and should be finalized before the end of the year.

AS Watson wants to acquire Holland & Barrett

22/06/2017

AS Watson, Kruidvat’s parent company, has entered negotiations to acquire Holland & Barrett. It is apparently willing to pay one billion pounds (1.15 billion euro).

Estée Lauder doubles Victoria Beckham product range

22/06/2017

Things are going very smoothly for Estée Lauder and Victoria Beckham. Their first two “limited collections” sold out instantly and that is why the former Spice Girl will create a third collection.

Brazilian competitor on the verge of The Body Shop acquisition

09/06/2017

French L’Oréal has entered exclusive negotiations with Brazilian Natura Cosméticos to sell store chain The Body Shop, in a deal that should be worth a billion euro.

Belgian online pharmacy Pharmasimple wants to conquer Europe

29/05/2017

Pharmasimple, an online pharmacy founded in Brussels seven years ago, experienced a 66.2 % turnover growth to 11.3 million euro in 2016. However, it has lofty ambitions, targeting a 100 million euro turnover in the next five years.

Back to top