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  "documentTitle": "Kao Corporation (4452.JP)",
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  "notes": "Uses a 'However...' transition to pivot from brand equity to growth underperformance.",
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      "text": "In the decade to 2022, global revenue CAGR was 6.2%, and Kao has set Molton Brown a target CAGR to 2030 of 5.2% - a slowdown compared to the past decade.",
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      "text": "Jo Malone, an Estee Lauder brand, grew revenues in the UK & Ireland at a CAGR of 11.9%. Jo Malone UK revenues are now equivalent to those of Molton Brown globally.",
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      "text": "1) Data sourced from Companies House. 2) The target set at the Kao Group Cosmetics and Skin Protection Business Growth Strategy Briefing was to increase “global sales” by 50% by 2030.",
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