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Briefing

The latest published updates from across the beauty industry.

Partners Group and Eurazeo enter exclusive negotiations to acquire a majority stake in Aroma-Zone

According to WWD, global private markets investor Partners Group is in exclusive negotiations with French investment firm Eurazeo to acquire a majority stake in the French natural beauty retailer and brand Aroma-Zone. If the transaction is completed, Eurazeo Capital IV and its affiliates will sell their holdings in Aroma-Zone and plan to co-invest with Partners Group, which will gain controlling interest in the brand. It is reported that this transaction is expected to generate total proceeds of approximately 5.76 hundred million euros for Eurazeo. Aroma-Zone was founded by the Vausselin family in France in 1999, initially starting as an aromatherapy information website, before transforming into an online retailer of essential oils in 2000, and subsequently expanding into DIY cosmetic ingredients and finished products. Since 2021, Eurazeo has been the major shareholder of Aroma-Zone, having invested approximately 4.1 hundred million euros at that time. With Eurazeo's support, Aroma-Zone accelerated the development of its omnichannel model and strengthened back-office processes, human resources, as well as digital industrial and supply chain infrastructure. In a statement, Eurazeo indicated that, building on the foundation laid over the past 27 years, this potential transaction will support the company's entry into the next phase of development, focusing on innovation and further investment in its omnichannel platform, while expanding its international presence on the basis of consolidating its position in the domestic French market. Currently, under the leadership of CEO Sabrina Herlory Rouget, Aroma-Zone is in a new growth phase. If this change in equity ownership is successfully completed, it marks that this French enterprise, deeply rooted in the natural beauty sector, will further...

LG Household & Health Care discontinues the TIPSY brand to optimize its product portfolio

LG Household & Health Care (LG Household & Health Care) recently announced the discontinuation of its makeup brand TIPSY, a move aimed at streamlining its beauty business product portfolio and concentrating resources on core brands with higher long-term growth potential. This decision is part of a broader restructuring plan led by the company's Chief Executive Officer, Lee Sunjoo. The TIPSY brand originated from asset integration when LG Household & Health Care acquired a majority stake in Roa Korea in 2020, initially positioned as a key lever to attract young consumers with digital consumption habits. However, in the post-pandemic era, competition in the makeup market has become increasingly fierce, with numerous independent brands rising through social media rapidly capturing market share, making it difficult for TIPSY to gain the expected market traction. Although the company attempted to operate it as an in-house brand, given that market performance fell short of expectations, it ultimately decided to terminate the brand's operations. With the exit of TIPSY, LG Household & Health Care will shift its investment focus to its key brand matrix, including The History of Whoo, CNP, Belif, The Face Shop, Dr. Groot, Yusimol, Physiogel, VDL, Dominas, and Pra.L, among others. This strategic adjustment reflects a common trend in the current global beauty industry: large beauty groups are rationalizing their product portfolios to reduce operational complexity, thereby enhancing the competitiveness and resource efficiency of core brands amid intense global competition. This restructuring is expected to further consolidate LG Household & Health Care's position in high-growth segments and optimize its overall business structure.

Procter & Gamble plans to acquire the health brand Thorne for 38 billion US dollars

On 2026 year, 8 month, 5 day, global consumer goods giant Procter & Gamble announced that it has agreed to acquire the science-backed health brand Thorne from private equity firm L Catterton for 38 billion US dollars in cash. The transaction is expected to close in the fourth quarter of 2026, subject to customary closing conditions. Thorne is a brand focused on vitamins, minerals, and dietary supplements, known for its product formulations based on scientific research. Since L Catterton's investment in 2023, Thorne has received significant support in leadership development, R&D innovation, manufacturing capabilities, digital infrastructure, and AI-driven consumer tools. During this period, the brand has not only strengthened its partnerships with healthcare practitioners but also developed a proprietary AI health advisor system, further solidifying its technical barriers in the field of precision nutrition. This acquisition marks Procter & Gamble's formal entry into the rapidly growing health and wellness market. As consumer demand for preventive health, personalized nutrition, and clinically validated supplements continues to rise, large consumer goods companies are actively adjusting their strategies to capture this emerging growth point. By integrating Thorne's scientific endorsement with Procter & Gamble's global distribution network and brand management capabilities, both parties are expected to form stronger market competitiveness in the high-end health supplement sector. Industry analysis points out that this transaction reflects the further blurring of boundaries between the beauty and broader health industries. Traditional daily chemical giants aim to expand their product portfolios and meet consumers' increasingly diversified health management needs by acquiring health brands with strong R&D attributes and professional channel resources. This move may also trigger follow-up investments by other competitors in similar niche segments, accelerating the integration and upgrading of the health consumer market.

Garonit Pharmaceutical appoints Darren Gilbert as Vice President of Personal Care Business Development

U.S. active pharmaceutical ingredient (API) manufacturer Garonit Pharmaceutical recently announced the appointment of industry veteran Darren Gilbert as the company's Vice President of Personal Care Business Development. This personnel change aims to strengthen Garonit's market expansion capabilities in the personal care sector, particularly targeting the growth of its internally manufactured product business and the expansion of distribution networks in North and South America. Darren Gilbert has more than 40 years of experience in the specialty chemicals field, with the past 35 years focused on the home and personal care industries. His professional career covers key roles such as commercial director, distributor management, new business development, product development, and sales management, having served at well-known chemical and raw material companies including Caldic, Covvalent, Cargill, Actives International, Seppic, and Tri-K. Gilbert holds a Bachelor of Science degree in Chemical Engineering from Northwestern University, as well as a Master's degree in Marketing, Finance, and Economics Management. According to the appointment announcement, Gilbert's core responsibilities include expanding the product portfolio of the company's distribution entities and introducing new producible products to its recently acquired facility in Flanders, New Jersey. The integration of this facility is regarded as a key strategic step for Garonit to enhance supply chain autonomy and product diversity. Gilbert stated that the new facility brings numerous possibilities, and he looks forward to it with great anticipation. This executive appointment reflects the increasingly strong trend of vertical integration among upstream raw material manufacturers in the personal care supply chain. By strengthening the synergy between internal manufacturing capabilities and distribution networks, Garonit is expected to provide more flexible solutions in the highly competitive active ingredient market, further...

Gorgeous Collective acquires skincare franchise brand Clean Your Dirty Face

On 2026 year 8 month 5 day, Gorgeous Collective, a multi-brand beauty and wellness franchise platform led by IMAGE Studios, officially announced that it has completed the acquisition of the skincare franchise brand Clean Your Dirty Face. Clean Your Dirty Face is currently recognized as the number one skincare franchise brand, and this transaction marks a key step for Gorgeous Collective in expanding its market territory and enriching its brand portfolio. As an aggregator platform, Gorgeous Collective aims to provide franchisees with more competitive operational support and resource networks by integrating multiple well-known beauty and wellness brands. IMAGE Studios, as the core anchor brand of the platform, has already established a deep industry foundation in the professional skincare field. The inclusion of Clean Your Dirty Face will further strengthen the platform's leadership position in the facial care niche market. Industry analysis points out that as consumer demand for personalized and professional skincare services continues to grow, the franchise model, with its standardized service processes and brand effect, is becoming an important path for expansion in the beauty industry. Through this acquisition, Gorgeous Collective not only gains Clean Your Dirty Face's mature operating system and loyal customer base, but is also expected to optimize supply chain costs through economies of scale and enhance overall profitability. For franchisees, this merger may bring broader technical training, marketing support, and cross-brand membership interoperability opportunities. For the market competitive landscape, this move may accelerate the consolidation process of the beauty franchise industry, prompting it...

L Catterton sells Thorne to Procter & Gamble for 38 billion US dollars

On 2026 year 8 month 5 day, L Catterton, a private equity firm co-founded by the LVMH Group, the Arnault family, and Catterton, announced that it has agreed to sell its stake in the health brand Thorne to Procter & Gamble (P&G) for 38 billion US dollars in cash. The transaction is expected to be completed in the fourth quarter of 2026. Thorne was founded in 1984, is headquartered in South Carolina, United States, and primarily sells dietary supplements such as magnesium, omega--3, and creatine in the US market. L Catterton first invested in the brand in 2023, during which time it assisted Thorne in achieving the next stage of business growth by enhancing marketing and commercial capabilities, increasing research and development investment, and building data infrastructure. Marc Magliacano, Managing Partner at L Catterton, stated that this investment reflects the company's strategy of identifying long-term shifts in consumer behavior and helping leading brands unlock their potential. Colin Watts, CEO of Thorne, expressed gratitude for the partnership with L Catterton over the past few years and stated that the company is ready to enter a new chapter of development. Earlier reports indicated that Unilever had considered bidding for Thorne, aiming to strengthen its health and wellness product portfolio in the US market. This acquisition takes place against the backdrop of the beauty industry increasingly focusing on oral beauty and supplement innovation. Since 2026, multiple beauty brands have entered the supplement sector, including Vichy under L'Oréal launching its first collagen supplement and Foreo releasing an anti-aging beauty tech serum, demonstrating the continued impact of the "internal nourishment and external care" trend on the industry landscape. Through this acquisition, Procter & Gamble will further consolidate its global position in the personal health care sector and expand into high-growth dietary supple…

Beiersdorf plans to acquire luxury beauty brands to reduce its reliance on Nivea

Vincent Warnery, CEO of the German beauty group Beiersdorf, recently told investors that the company will seek to acquire new beauty brands to optimize its product portfolio and reduce its overreliance on its core brand, Nivea. Currently, Nivea contributes more than half of the group's total sales, and its performance fluctuations have a significant impact on overall revenue. Affected by the slower-than-expected progress of Nivea's restructuring and a 6.8% decline in first-half sales, Beiersdorf has lowered its full-year sales guidance for 2026, now expecting a low single-digit percentage decline in organic sales, whereas it had previously expected flat or slight growth. The company pointed out that the pressure on performance mainly stems from factors such as customer conflicts, the delayed start of the European sunscreen season, channel destocking, and the pace of innovative product launches. Warnery emphasized that although the current priority is to concentrate resources on driving Nivea's recovery and the growth of Eucerin and La Prairie, expanding the brand matrix is imperative. Future acquisition targets will focus on the luxury beauty sector rather than the mass skincare market, aiming to make up for the group's shortcomings in layout within the high-end segment. He made it clear that the focus of acquisitions will not be on accessible skincare categories, as Nivea is already the global leading brand in this field. To support Nivea's brand transformation, Beiersdorf announced it will invest an additional 1 hundred million euros in consumer-facing marketing activities, with the goal of returning this traditional brand to a growth trajectory within the next 18 months. This strategic adjustment reflects the diversification demands of large beauty groups under the risk of reliance on a single brand, and also signals that merger and acquisition activity in the high-end beauty market may become more active. Industry observers believe that supplementing the high-end product line through external mergers and acquisitions will become a key measure for Beiersdorf to balance its income structure and enhance its risk resistance.

Auric, the brand founded by Canadian beauty blogger Samantha Ravndahl, announces closure

On 2026 year 8 month 5 day, Auric, the makeup brand founded in 2021 year by well-known Canadian beauty blogger Samantha Ravndahl, officially announced it would cease operations. The brand issued a statement via social media and its official website stating that despite receiving broad consumer support over the past five years, continuing operations had become unfeasible due to the constantly changing market environment, unstable tariff policies, and rising production and logistics costs. Auric was established with the assistance of beauty brand incubator Magic Dusk, which has successfully incubated influencer brands such as Dezi Skin and Mane Ivy. Auric focuses on lip, eye, and base makeup products, with its brand name meaning "derived from gold." In the statement, founder Ravndahl said that the decision to close the business was extremely difficult, but she felt honored to have been able to create jobs, collaborate with talented individuals, and launch products she loved. She emphasized that this decision was not made lightly, but was based on the severe survival pressures currently faced by small businesses. Currently, the Auric official website is still accepting orders and has launched a "farewell sale" with discounts of up to 40% to clear inventory. This closure reflects the challenges faced by independent brands and influencer-owned brands in the 2026 year global beauty market amid fluctuations in supply chain costs and uncertainty in the macro trade environment. As tariff barriers increase and operating costs rise, some small and medium-sized brands lacking economies of scale are being forced to exit the market, which may prompt the industry to pay further attention to supply chain resilience and cost control strategies.

Edgewell announces 2026 fiscal year third quarter results

[This site's report] Global personal care product manufacturer Edgewell Personal Care Company (NYSE: EPC) officially announced its 2026 fiscal year third quarter financial results for the period ended 2026 year 6 month 30 day on 2026 year 8 month 5 day. As a major player in the industry, Edgewell's earnings release has drawn widespread attention from the capital market and the beauty and personal care industry. Although the specific financial data details disclosed this time are not fully expanded in the summary, quarterly results typically cover key indicators such as net sales, gross margin, operating profit, and earnings per share, serving as an important basis for assessing a company's short-term operating health and market performance. Against the backdrop of intensifying competition in the global beauty and personal care market and diversified consumer demand, the quarterly results of leading companies are often regarded as industry bellwethers. Edgewell owns well-known shaving brands such as Harry's and Wilkinson Sword, as well as feminine care brands such as Ban and Carefree, and its performance fluctuations directly reflect the market vitality of the relevant sub-sectors. In addition, the system preliminarily judges that this content involves executive personnel changes, and recommends that industry observers further pay attention to management's discussion of strategic adjustments, organizational structure optimization, or key position changes during the earnings conference call. Such changes may have a profound impact on the company's future brand strategy, channel layout, and compliance management. Investors and industry analysts need to combine the complete financial report documents and management comments to comprehensively evaluate Edgewell's actual effectiveness in addressing supply chain challenges, inflationary pressures, and digital transformation, in order to predict its subsequent competitive position and growth potential in the global market.

Kao's operating profit in the first half of 2026 hit a record high, leading to an upward revision of full-year performance forecasts

Kao Corporation released its semi-annual consolidated financial statements (International Financial Reporting Standards) for the period ending in 6 on 5 8, 2026. The data shows that the company's sales increased by 7.8% year-on-year to 8719 hundred million yen, operating profit rose significantly by 38.5% to 958 hundred million yen, and net profit grew by 32.3% to 656 hundred million yen. Notably, operating profit reached a historical high for the first half of the year. Driven by this strong performance, Kao raised its full-year performance expectations for 2026: sales forecasts were adjusted upward from 1.75 trillion yen to 1.8 trillion yen, operating profit from 1820 hundred million yen to 1900 hundred million yen, and net profit from 1300 hundred million yen to 1350 hundred million yen. By business segment, the Cosmetics Division saw sales increase by 10.5% year-on-year to 1310 hundred million yen, with operating profit rising by 54 hundred million yen to 58 hundred million yen. This growth was driven by overseas business expansion, strengthening of key brands, and progress in revenue structure reform, with the division achieving year-on-year operating profit growth for six consecutive quarters. In the domestic Japanese market, six key brands performed outstandingly: "Curel" saw a 27% surge in sales thanks to new product launches and seasonal promotional strategies; "KATE" achieved a 14% sales increase due to improved awareness of new products and expanded sales channels; and "SOFINA" recorded a 4% sales growth. In overseas markets, China and Thailand became the main growth engines for Asian operations, but performance in the European market fell below the same period last year due to overall sluggishness. The Health & Beauty Care Division saw sales increase by 8.1% year-on-year to 2286 hundred million yen, with operating profit growing by 9.3% to 199 hundred million yen. In the skincare category, "Biore" sunscreen products performed strongly in the Japanese and Asian markets and also achieved sales growth in the Americas, while the "Bondi Sands" brand business gradually recovered. In the hair care category, Japan...

Dilesh Mehta acquires the French fashion brand Patou from LVMH

Global luxury giant LVMH Group has sold its stake in the French fashion brand Patou to beauty industry entrepreneur Dilesh Mehta, marking the brand's return to Mehta's control. Patou was founded by Jean Patou in 1914 and is renowned for haute couture and perfumes; it was acquired and revived by LVMH in 2018. The specific financial terms of this transaction were not disclosed. Dilesh Mehta has extensive prior experience in the beauty sector, and his acquisition is seen as an acknowledgment of the brand's historical value and a new strategic move for its future development. Industry analysts believe this move may provide Patou with more flexibility for strategic adjustments, particularly in brand positioning and product line expansion. LVMH did not provide detailed comments on the reasons for the sale, but market observers pointed out that the group may be optimizing its brand portfolio to focus on core high-growth businesses. The transaction is still subject to relevant regulatory approvals and is expected to be completed within the next few months. The potential impact of this change in ownership on the beauty and fashion industries is worth watching, especially the development path of Patou's perfume business under independent operation.

Chouette Sauvageonne appoints CiCi PR and Park PR as global public relations agencies

Luxury handbag, accessory, and fragrance brand Chouette Sauvageonne announced the appointment of CiCi PR and Park PR as its global public relations, media office, and event agency. This collaboration will cover the brand's communication strategies and event execution in global markets, aiming to enhance the brand's international influence in the luxury sector. The appointment was officially announced on 2026 year 8 month 4 day, marking an important step for Chouette Sauvageonne in strengthening public relations and media relationships during its global business expansion.

Clinique US Appoints Assistant Manager of Public Relations and Influencer Marketing

According to the industry media Diary Directory Beauty, Clinique (US) recently announced the appointment of Maggie Barr as Assistant Manager of Public Relations and Influencer Marketing. Barr previously served as a Senior Account Executive and has extensive experience in public relations communications and influencer collaborations. This personnel change comes at a time when beauty brands are continuously increasing their investment in social media and influence marketing; Clinique's move aims to strengthen its brand communication and digital consumer engagement capabilities in the US market. Industry analysts believe that the addition of talent with professional backgrounds in public relations and influencer marketing will help Clinique further integrate marketing resources and enhance its voice in the highly competitive beauty market.

Too Faced co-founder discloses inside story of brand sale for the first time, stating the deal was not intended

Too Faced co-founder Jerrod Blandino recently spoke publicly for the first time on the Gloss Angeles podcast about the inside story of the brand's acquisition by The Estée Lauder Companies, stating that this 14 hundred million dollar deal was not his original intention and responding to the so-called "ELC curse" in the industry. Blandino revealed that the sale process was fraught with twists and turns; he initially terminated negotiations due to the other party's disrespect toward team members, but later, because the private equity firm reached an agreement with The Estée Lauder Companies that refusing the deal would have a devastating impact on the brand and his family, he "reluctantly" completed the sale. He admitted that the first year after the acquisition went well, but soon a struggle for control emerged, and he and the other founder, Jeremy Johnson, ultimately left the brand in 2022. Blandino stated that if he had known this earlier, he might not have chosen to sell. This revelation has drawn industry attention to the integration challenges faced by beauty brands after being acquired by large groups, and provides a new case study of the game between independent brand founders and capital.

Revlon achieves double-digit growth on Amazon and TikTok Shop, as traditional brands accelerate digital transformation

The makeup brand Revlon, with a history of 94 years, has recently achieved significant growth on Amazon and TikTok Shop. Its Amazon business recorded double-digit growth, while it accelerated consumption trends on TikTok Shop. Dana Medema, President of Revlon North America, pointed out that in an ecosystem dominated by creator brands and digital-native brands, traditional brands must remain forward-looking. According to data from Perpetua Prism, under Front Row, sales in the Amazon beauty category reached 81 hundred million yuan in the first quarter of 2026, a year-on-year increase of 13%, highlighting the importance of e-commerce channels. Revlon's bet reflects that traditional beauty companies are actively adapting to channel changes by strengthening their layout on digital platforms to cope with market competition, a strategy that may provide a reference for transformation for similar brands.

Germany's Brenntag acquires Korean beauty distributor Woojin Trading at an enterprise value of 3500 million US dollars

German chemical and raw material distribution giant Brenntag announced the acquisition of Korean beauty distributor Woojin Trading at an enterprise value of 3500 million US dollars, a move aimed at strengthening its distribution network in the personal care and beauty markets in the Asia-Pacific region. Woojin Trading focuses on the distribution of local Korean beauty raw materials and finished products, with clients covering many well-known brands. Through this acquisition, Brenntag will gain important channel resources in the Korean market and further integrate its global beauty raw material supply chain. Industry analysis believes that this transaction reflects the continued attention of international distributors to Korea's beauty innovation ecosystem, and may also accelerate the global export of Korean beauty raw materials and technologies.

LG Household & Health Care posted strong growth in the second quarter of 2026, with North America surpassing China to become its largest overseas market

LG Household & Health Care announced its results for the second quarter of 2026, with consolidated revenue rising 3.3% year on year to 1.6574 trillion won, and operating profit surging 87.5% to 1028 hundred million won. Overseas revenue grew 12.6% to 5845 hundred million won, accounting for 35% of total sales. Among these, North American revenue soared 47.3% to 2058 hundred million won, exceeding China's 1760 hundred million won for the first time to become the company's largest overseas market. The beauty division returned to profitability, with revenue increasing 3.9% to 8184 hundred million won and operating profit reaching 444 hundred million won. The home care and daily beauty division saw revenue grow 5.5% and operating profit rise 23.1%, supported by demand for functional products. The beverage division remained profitable, but rising raw material costs led to a 15.1% decline in operating profit. The board approved an interim dividend of 1500 won per share. The results indicate progress in geographic diversification, with the rise of the North American market and the beauty business returning to profitability strengthening the long-term global growth strategy.

Goodai Global acquires minority stake in South Korean skincare brand Torriden

On 2026 year 7 month 29 day, global beauty investment and operations platform Goodai Global announced that it has officially acquired a minority stake in the well-known South Korean skincare brand Torriden. This transaction marks Torriden's inclusion in Goodai Global's portfolio of Korean beauty brands, and both parties will engage in deep cooperation in areas such as global brand expansion, supply chain optimization, and market channel development. Torriden was founded in 2018 year, and has rapidly risen among young consumer groups with its ingredient-focused skincare philosophy centered on hyaluronic acid, showing particularly strong performance in social media e-commerce channels. The brand focuses on high cost-performance ratio and scientific formulations, maintaining a high growth rate in recent years in the domestic South Korean and Southeast Asian markets, becoming one of the representative emerging Korean beauty brands. Goodai Global stated that this equity investment aims to further enrich its layout in the K-Beauty (Korean Beauty) sector. Through capital injection and resource synergy, Goodai Global will assist Torriden in strengthening its research and development capabilities and accelerating entry into mainstream international markets such as North America and Europe. Analysts point out that as global consumers' attention to Korean-style skincare continues to rise, brands with differentiated product strength and digital marketing capabilities are becoming the focus of capital attention. Industry observers believe that this cooperation reflects the deepening trend of consolidation in the beauty industry. Large-scale operations platforms can respond more flexibly to market changes by investing in or holding independent brands with high growth potential, while providing scaled support to the invested brands. For Torriden, leveraging Goodai Global's global network is expected to break through regional market bottlenecks and enhance the brand's international influence. At present, the specific transaction amount and shareholding ratio have not been disclosed, and both parties are expected to announce more detailed strategic cooperation plans in the near future.

Kering Group's net profit in the first half of 2026 fell by 60% year on year, accelerating store network optimization

On local time 7 month 28 day, French luxury giant Kering Group (Kering) announced its financial results for the first half of 2026. The data showed that the group's revenue in the first half was 72.2 hundred million euros, a year-on-year decrease of 3%; net profit attributable to shareholders was 1.89 hundred million euros, a significant year-on-year decline of 60%. This performance reflects continued pressure on the global high-end consumer market, with sluggish growth in core brands significantly impacting the group's overall profitability. In terms of channel strategy, Kering Group continues to implement a strict store network optimization plan. After net closing 75 stores in 2025, the group has net closed 84 directly operated stores in the first half of 2026, representing a 5% reduction compared to the total number of directly operated stores at the end of 2025. The group clearly stated that the target for net store closures for the full year is set at 100 stores, aiming to cope with market fluctuations by improving single-store efficiency and brand image. As a large luxury group owning well-known brands such as Gucci and Saint Laurent (YSL), Kering Group also holds an important market share in the beauty and fragrance sector. The significant decline in performance and large-scale store closures not only reveal the severe challenges facing luxury retail but also indicate that the high-end beauty market is undergoing profound structural adjustments. Industry analysis points out that weak consumption is prompting leading companies to shift from scale expansion to quality cultivation, with industry consolidation expected to accelerate in the future. Brands will place greater emphasis on maintaining high-net-worth customer groups and improving the efficiency of digital channels to withstand macroeconomic uncertainty.

Procter & Gamble's net sales for fiscal year 2026 Q4 were 212 hundred million US dollars, a year-over-year increase of 2%

On 7 month 29 day, Procter & Gamble announced its fourth quarter and full-year results for fiscal year 2026, ending 2026 year 6 month 30 day. Data shows that in the fourth fiscal quarter, the company achieved net sales of 212 hundred million US dollars, a year-over-year increase of 2%. Affected by rising costs and adjustments to non-core businesses, diluted earnings per share for the quarter fell 15% year-over-year to 1.26 US dollars, and core earnings per share fell 3% to 1.43 US dollars. Looking at the full fiscal year 2026, Procter & Gamble's annual net sales reached 870 hundred million US dollars, a year-over-year increase of 3%. Annual diluted earnings per share were 6.62 US dollars, a year-over-year increase of 2%; core earnings per share were 6.89 US dollars, a year-over-year increase of 1%. Overall performance shows that despite profit pressure, Procter & Gamble maintained steady revenue growth. Looking ahead to fiscal year 2027, Procter & Gamble expects full-year sales and organic sales growth to be between 1% and 3%, with core earnings per share expected to be in the range of 6.89 US dollars to 7.11 US dollars. As a leading enterprise in the global daily chemical industry, Procter & Gamble's financial report performance is regarded as an industry bellwether. This financial report reflects that under the background of global inflation, daily chemical companies can maintain revenue growth through pricing strategies, but still need to cope with the challenge of profit squeeze brought by raw material and operating costs. In the future, how to optimize the cost structure while maintaining market share will be a common focus of the fast-moving consumer goods industry, including beauty and personal care.