S’Young Completed Investment in French Luxury Brand PIER AUGÉ and Acquired its Chinese Business, Deepening Collaboration between Overseas Brands

SHANGHAI, Aug. 10, 2022 /PRNewswire/ — On July 8, S’Young Group Co., Ltd. (S’Young, the Company) (300740.SZ) ( below referred to as S’Young) completed its investment in the French luxury brand PIER AUGÉ and acquired its Chinese business. The team and strategic direction of PIER AUGÉ will remain unchanged, and S’YOUNG will carry out more in-depth cooperation with PIER AUGÉ.
As the preferred China partner for global beauty brands, S’Young is committed to building mutually beneficial and win-win relationships with overseas brands to share the long-term value of China’s market growth.