Shanghai Jahwa: homegrown victor

BackgroundShanghai Jahwa (600315:SHA) is perhaps the only Chinese cosmetics maker able to compete effectively with foreign brands. The company has made the most headway with its high-end hair and skincare brand, Herborist, which it also distributes in France, as well as in China. Recently, it expanded into the 'cosmeceuticals' market, which combines cosmetics and pharmaceuticals, with its Yuze skin products. The company also holds 19% in a joint venture in China with cosmetics retailer Sephora, an affiliate of luxury goods group LVMH (MC:PAR), as well as the distribution rights for Adidas's (ADS:BER) personal care products.

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Other Articles on this Issue

• Financial China

  Rmb appreciation. Will 2010 be the year?

  Informal lending takes off, regulation proposed

• Consumer China

  Cosmetics: saving face

  Sephora: China growth 'extraordinary'

  Hong Kong still Sa Sa's mainstay

  Shiseido pushes global expansion

  Bonjour mainland visitors

  Watsons eyes expansion

• Macro View

  Succession politics

• The Big Call

  Factor inflation shows overheating

• Guest Column

  The outlook for Chinese listings

• The Best of Chinese Commentators

  The course of monetary tightening

  Where have all the migrants gone?

• Funds Data

  China stays out of favour

• Capital Intensive China

  Smart moves

• View issue