Welcome Guest to Happi

Subscribe Free: Magazine | eNewsletter

current issue March 2015
 •  Pravana To Host National Cut-A-Thon  •  Lonza Promotes Cataldo In Personal Care  •  Hair Lightening System Now at Target  •  Better Skin, Better Sleep  •  J&J's New Approach to Beauty
Print

Sanjiu and Kanebo Form Cosmetic Joint Venture



Published November 22, 2005
Related Searches: stores companies sales executives
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