23/08/2023
CJ Olive Young, a subsidiary of CJ Corp, reported a remarkable 41% YoY increase in 2Q23 revenue. Despite a contracting cosmetics market, the company's expansion is attributed to competitor shutdowns in 2022. Olive Young's emphasis on online sales and flagship promotional events has also contributed to its success, reigniting IPO speculation after a previous withdrawal in 2022.
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CJ Olive Young, a health and beauty (H&B) retail subsidiary of CJ Corp (001040.KS), announced 2Q23 revenue of KRW 968 billion, marking a remarkable 41% YoY increase; this growth follows a substantial 42% increase in revenue during the first quarter of the year.
