AmorePacific reopens Shanghai plant after restrictions relaxed

AmorePacific reopens Shanghai plant after restrictions relaxed

THE WHAT? AmorePacific has reopened its Shanghai production center after the city lifted its month-long standstill order, according to a report published by Pulse News.

THE DETAILS Some businesses have now been permitted to restart operations and resume production; AmorePacific’s shares rose just over a percentage point in value following the news.

THE WHY? The Chinese government is said to have green-lighted those businesses producing daily necessities to minimise fallout. The K-beauty behemoth’s Shanghai factory produces almost 40 percent of AmorePacific products sold on the Chinese market, Pulse News said.

IN CONVERSATION WITH...

FORMULA FRIDAY

STREET TALK

60 SECOND PITCH

WELLNESS

FASHION

TRAVEL

PROFESSIONAL BEAUTY

TOP 50 BRANDS