China News Service, July 25th (Xie Yiguan, a reporter from China-News Finance and Economics) Speaking of face masks, GLAMGLOW is considered a favorite of many people, and it is often recommended by netizens on social media.
But recently, some netizens asked on social media, "What's wrong with Grammy, the flagship store has no products, and the official account has been cancelled", "Is Grammy closed?"
On the evening of the 25th, reporters from China-Singapore Finance and Economics searched on e-commerce platforms such as Taobao and JD.com, but did not find the official flagship store of Grammy. Only other merchants were selling Grammy products.
On an e-commerce platform, the Grammy flagship store has not been searched.
When searching for the WeChat official account, it is displayed, "The status of the searched account is abnormal and cannot be displayed."
The official account was also not found on Weibo.
According to media reports, Grammy officially entered the Chinese market in 2019, initially sold in Sephora, and opened its official Tmall flagship store in August of the same year.
The reporter searched Sephora China's official website, and some Glamour items are still on sale, but the official flagship store of Sephora JD.com has shown that it is out of stock, and the official flagship store of Sephora Tmall has not found any related products.
It is worth mentioning that Grammy had previously announced its withdrawal from the UK and Ireland markets.
In 2014, Grammy was acquired by Estee Lauder.
Estee Lauder’s financial report for the third quarter ended March 31, 2022 showed that the group’s net sales increased by 10% year-on-year to $4.25 billion, which was less than market expectations, and net profit rose 22% to $560 million.
Among them, net sales in the Asia-Pacific region fell 4% year-on-year to $1.203 billion.
(Zhongxin Finance)