Breaking News

Sanjiu and Kanebo Form Cosmetic Joint Venture

November 22, 2005

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
  • Senior Skin Care

    Senior Skin Care

    Christine Esposito, Associate Editor||July 19, 2016
    McCord Research and Product Quest Manufacturing roll out new hospital-grade skin care kits for seniors to use at home.

  • Naterra Expands Tree Hut Range

    Naterra Expands Tree Hut Range

    Melissa Meisel, Associate Editor||July 18, 2016
    New ‘Bare’ collection is out now.

  • An Antioxidant Arsenal

    An Antioxidant Arsenal

    July 11, 2016
    BioRewind is Dermarché Labs' new anti-aging regimen that delivers broad-spectrum antioxidant protection against free radicals

  • Sustainability is Omnipresent

    Sustainability is Omnipresent

    Christine Esposito , Associate Editor||July 1, 2016
    Industry stakeholders convene in New York City for Organic Monitor’s annual event

  • Perceived Perfection

    Perceived Perfection

    Christine Esposito, Associate Editor||July 1, 2016
    From primers to pressed powders, facial cosmetics help create the illusion of a flawless complexion.

  • Preserve & Serve

    Preserve & Serve

    Melissa Meisel , Associate Editor||July 1, 2016
    Suppliers with innovative preservatives provide staying power for formulations.