Recently at the 8th China International Import Expo on the Chinese mainland, global brands L’Oréal and Tapestry reaffirmed their long-term commitment to this vibrant market. Nicolas Hieronimus, CEO of L’Oréal Group, and Sandeep Seth, Chief Growth Officer at Tapestry Group, both praised the Chinese mainland as a highly dynamic hub of innovation and a testing ground for new business practices.
Speaking at the expo held earlier this month in Shanghai, the executives highlighted strong local demand and rapid digital adoption as key factors driving growth. L’Oréal and Tapestry plan to open nearly 100 new stores across the Chinese mainland over the coming months, underscoring their confidence in the market’s resilience and potential.
For young global citizens and business enthusiasts, these announcements reinforce the Chinese mainland’s status as a critical nexus for retail and tech innovation. As multinationals deepen their presence, they are also exploring partnerships with local startups and e-commerce platforms to tailor experiences for consumers who value personalization and sustainability.
Looking ahead, L’Oréal and Tapestry’s expansion strategies this year signal broader trends shaping the global retail landscape. From immersive in-store technology to data-driven customer engagement, the Chinese mainland continues to offer a fertile testing ground for ideas that may influence markets worldwide.
Reference(s):
cgtn.com
