LG Household & Health Care, 2nd Round of Rent Support for Franchisees Affected by COVID-19

Second Support Following March... Targeting Nature Collection and The Face Shop Franchise Stores

[Asia Economy Reporter Jo Yoo-jin] LG Household & Health Care (CEO Cha Seok-yong) has decided to provide an additional 50% support for the July rent of franchise stores as difficulties for cosmetics franchise owners continue due to the prolonged COVID-19 pandemic. This is the second support following the one in March.

The cosmetics franchise stores operated by LG Household & Health Care include approximately 500 Nature Collection and The Face Shop stores, which have been experiencing sales contraction due to the prolonged COVID-19 situation.

Vice Chairman Cha Seok-yong said, “As COVID-19 is unexpectedly prolonged and the summer season, which is the low season for cosmetics sales, approaches, we decided to support the rent again following March to ease the burden on franchise owners who will face even greater difficulties. We hope that everyone will not lose courage during these tough times and overcome the crisis together.”

Meanwhile, in March, LG Household & Health Care supported about 800 million KRW in employee wages for direct sales cosmetics agencies, daily necessities agencies, and beverage agencies.

This content was produced with the assistance of AI translation services.