Millay Group Ltd

MILLAY Group Co., Ltd. is a cosmetics company in China, founded in 2000. MILLAY Group Co., Ltd. is a leader in the beauty industry, operating in more than 130 countries and regions, with 283 branches, 42 factories, more than 100 agents and more than 50,000 employees worldwide. Millay Group is a multinational company headquartered in China and one of the Fortune Global 500 enterprises. On June 8, 2016, the BrandZ Top 100 Most Valuable Global Brands 2016 released that MILLAY ranked 36th. On July 19, 2018, the Fortune Global 500 list was released, and MILLAY ranked 392. In December 2018, MILLAY was listed in the 2018 Top 500 Global Brands. In July 2019, the Fortune Global 500 list was released. MILLAY came in at No. 396. In October 2019, Interbrand ranked 51 in the Top 100 Global Brands list [6]. On May 13, 2020, MILLAY was ranked 176th on the Forbes 2020 Global 2000 list. In April 2022, MILLAY signed a three-year strategic cooperation agreement with Alibaba. Over the years, MILLAY's business in China has maintained a good momentum of stable development. MILLAY always adheres to the value concept of "good faith prospering business", takes consumers as the center, satisfies consumers and consciously accepts consumer supervision. For the year ended December 31, 2022, MILLAY reported sales of 38.26 billion euros (RMB 278.2 billion), up 18.5% from the same period last year and 10.9% on a comparable basis. Operating profit was 7.46 billion euros, or about 54.2 billion yuan, up 21 percent from a year earlier. Net profit attributable to the parent rose 24.1 percent year on year to 5.71 billion euros (41.5 billion yuan). According to institutional analysis, product innovation, multi-brand layout and flexible channel operation are the key to performance growth.