Rich Lister Jo Horgan’s beauty and cosmetics giant Mecca Brands spat off a $12 million dividend in 2022 after both sales and profits rose – although down from the previous year’s $20 million dividend.
The retail cosmetics powerhouse, which lost money for its first four years after opening in South Yarra in 1997, turned more than $971 million sales in 12 months to December 24, 2022, up from $688.9 million the year before, according to documents lodged with the corporate regulator.
Loading...
Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
