What is more, we are thrilled to have acquired the Tom Ford brand last week and are optimistic about its promising growth opportunities." In Mainland China, organic net sales grew in the third quarter. While January 2023 was pressured by low retail traffic and retailer destocking from the rise in COVID cases that began in November 2022 and continued into January 2023, organic net sales returned to growth, rising by double digits in February and March 2023. Prestige beauty growth was slower than expected. By category, skincare net sales declined -17% in the quarter, primarily reflecting the slower than anticipated recovery of Asia travel retail, as noted above. Net sales declined from La Mer, Estée Lauder and Dr.Jart+, partially offset by growth from The Ordinary and MAC. Key stories from China and related to Chinese travellers are featured each week on The Moodie Davitt Report's WeChat Official Account.