Welcome Guest to Happi

Subscribe Free: Magazine | eNewsletter

current issue Wipes 2014
 •  P&G Gets No Charge from Batteries  •  Colgate Slumps in China, Brazil  •  Household, Personal Products Drive Sales at Unilever  •  P&G North America President to Retire  •  Glade Teams with Cirque du Soleil
Print

Sanjiu and Kanebo Form Cosmetic Joint Venture



Published November 22, 2005
Related Searches: medical stores retail companies
Post a comment
CHINA: Kanebo Cosmetics, Inc., a division of Japan’s Kanebo Ltd., and a unit of Sanjiu Enterprise Group, China’s largest drug maker, have joined
forces to sell cosmetics in drug stores on the Chinese mainland. Kanebo Cosmetics will own 67% of the new entity while Sanjiu Enterprise’s Tokyo-based Sanjiuhonsoubou Medical & Pharmaceutical Co. will hold the remainder, said executives from Kanebo Cosmetics.
The new joint venture will begin selling Kanebo’s cosmetics in April 2005 at drug stores in Shanghai, Beijing and Guangzhou using Sanjiu’s retail network. The companies aim
to post annual retail sales of $66 million in a total of 500 drug stores by March 2008, executives from Kanebo Cosmetics said.


blog comments powered by Disqus