Pola Orbis to Dissolve Chinese Subsidiary Amid Declining Sales
Japanese beauty group Pola Orbis Holdings has revealed plans to dissolve and liquidate its Chinese subsidiary, Orbis Trading (Beijing), by the end of fiscal 2025. The post Pola Orbis to Dissolve Chinese Subsidiary Amid Declining Sales appeared first on Global Cosmetics News.
THE WHAT? Japanese beauty group Pola Orbis Holdings has revealed plans to dissolve and liquidate its Chinese subsidiary, Orbis Trading (Beijing), by the end of fiscal 2025. The decision is expected to result in a special loss of approximately ¥1.3 billion (US$9 million), while generating tax savings of around ¥1.6 billion (US$11.1 million).
THE DETAILS Orbis Trading (Beijing), established in 2008, has suffered from prolonged underperformance, reporting revenue of ¥783 million (US$5.4 million) in fiscal 2024. The closure of the entity has led to speculation about the Orbis brand’s overall exit from China. However, Pola Orbis has clarified that the decision pertains solely to this subsidiary, and the group continues to operate multiple legal entities in the Chinese market.
THE WHY? The strategic dissolution aligns with Pola Orbis’ ongoing efforts to streamline operations and cut costs in underperforming regions. While the move signals a retreat from a specific business unit, it does not indicate a full withdrawal from the Chinese market. The financial restructuring is aimed at improving the group’s fiscal health and repositioning its international business strategy.
Source: Jing Daily
The post Pola Orbis to Dissolve Chinese Subsidiary Amid Declining Sales appeared first on Global Cosmetics News.
