MiiN Cosmetics, the leading Korean cosmetics brand in Europe, continues its ambitious expansion plan with the opening of its first shop in a shopping centre. It is located in the heart of the Moncloa-Aravaca district. The boutique has 700m2 of commercial space. With this new opening, MiiN Cosmetics expands its presence in the capital of Spain and accumulates a total of four establishments in Madrid.
The founder and CEO of MiiN explained that this is a good alternative in retail and that it allows to expand the presence and notoriety of the brand: ‘our experience in this type of large establishments in Barcelona has been incredible, so we wanted to enter this same segment in Madrid’.
With this new point of sale, MiiN Cosmetics now has more than thirty shops in Europe, with 19 in Spain.
The Korean cosmetics brand achieved a turnover of more than 16 million euros with a growth of 60% and figures that they expect to increase in the coming months.
Translated with DeepL.com (free version)