math_of_money
Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Beauty Community
02-11-2017, 01:31 PM,
Post: #1
Beauty Community
This Doctor Turned $15,000 Into a $1.6 Billion Beauty Empire

By Anuchit Nguyen  and Sterling Wong
November 2, 2017, 4:45 AM GMT+8 Updated on November 2, 2017, 9:20 AM GMT+8

Thai entrepreneur Suwin Kraibhubes set up Beauty Community Pcl with his last 500,000 baht ($15,000) after the Asian financial crisis. Two decades on, the company’s shares are the top-performers globally among cosmetics providers.

The Bangkok-based firm plans to tap China’s $4.3 billion beauty sector for the next leg of expansion, after building a network of more than 300 retail outlets in Thailand and other parts of Southeast Asia. Sales growth will be vital for a stock that Aberdeen Asset Management describes as expensive.

"Chinese customers like our products because of their quality and affordable prices," Suwin, 49, said in an interview Tuesday. "We’re focusing first on online sales through wholesalers to build brand awareness there."

Beauty Community has delivered a total return of over 1,100 percent since listing on the Thai exchange in December 2012, at least three times more than better-known rivals such as L’Oreal SA and Shiseido Co. The company’s sub-$10 lipsticks and creams are targeted at the middle class as well as tourist demand, including the nine million Chinese who visit Thailand each year.

More details in https://www.bloomberg.com/news/articles/...-100-surge
Specuvestor: Asset - Business - Structure.

http://www.valuebuddies.com
Website Find Reply


Forum Jump:


Users browsing this thread: 1 Guest(s)
Valuebuddies.com | Return to Top | | Lite (Archive) Mode | RSS Syndication | CONTACT US: nas......@valuebuddies.com |