Herborist: How a Chinese brand sold cosmetics to French women
Tessa Thorniley
When Chinese skincare brand Herborist launched at an event in Shanghai in 1998, the Chairman, Ge Wenyao, was the only person who bought a product.
For the next seven years, although Herborist grew in size, it never made a profit.
Today, the brand, which uses traditional Chinese herbs in its products, is sold via 1,200 stores and counters in 250 cities, and has retail sales approaching RMB 2.5 billion.
Wang Zhuo, the brand's current Chairman, told the Market to Watch: Building Brands Beyond Tier One...