Beauty China inks deal with Japan's JO Cosmetics

Beauty China Holdings has signed a three-year agreement with major Japanese cosmetics producer JO Cosmetics to manufacture, use and sell cosmetics products under JO Cosmetics' expertise and patents. The agreement is renewable annually after three years, until advanced notice is given by either company. The deal makes Beauty China the first and exclusive manufacturing and distribution partner for JO Cosmetics in China. Beauty China will manufacture cosmetics products for some of JO Cosmetics' customers, using the raw materials, semi- finished products and proprietary formulae supplied by JO Cosmetics. In the long term, Beauty China plans to 'draw on JO Cosmetics' know-how for our own product development,' said Wong Hon Wai, Beauty China's chairman and managing director. The three-year deal follows Beauty China's clinching of OEM deals worth HK$47 million (S$9.1 million) from Russia and France last October.

Sponsored Links