Mecca Brands, Australia’s largest cosmetics retailer, which has ambitions to build the world’s most beloved beauty destination, has reported a 25 per cent rise in revenues to $1.2 billion.
However, the strong revenue increase for the calendar year 2023 was offset by expenses growing by a similar percentage, which resulted in Mecca reporting only a 3.2 per cent increase in profit to $27.9 million.
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Lauren Sams is the fashion editor, based in Sydney. She writes about lifestyle including the arts, entertainment, fashion and travel. Lauren has worked as a features editor and fashion journalist for ELLE, marie claire and more. Email Lauren at lauren.sams@afr.com