It’s Skin signs with Dabur India
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South Korea’s fourth-largest cosmetic maker, It’s Skin, has made a move to extend its international reach through a partnership with retail giant Dabur India.
It’s Skin has signed a memorandum of understanding with Dabur to sell 120 kinds of cosmetics in itsNew U beauty retail chain, stepping up its overseas bid beyond China, Japan and Southeast Asian markets.
Starting with 10 shops in New Delhi, the company plans to open 20 in the capital and the surrounding area this year.
It’s Skin is best known for its snail cream, Prestige Cream d’escargot, which went on the market in 2009. The company posted won 309.6 billion (US$255 million) in sales last year, up 28 per cent from the previous year. It started listing on the Seoul bourse in December.
Founded in 1884, Dabur India is India’s fourth-largest retailer, logging 78.1 billion rupees (US$1.2 billion) in sales last year. Its beauty chain New U has 70 outlets in 28 cities.
Questions & Answers
Q.Which specific product is It’s Skin most recognised for?
Which specific product is It’s Skin most recognised for?
It’s Skin is best known for its snail cream, Prestige Cream d’escargot. This product was first released in 2009 and has become a signature item for the South Korean cosmetic maker.
Q.How many New U stores does Dabur India currently operate?
How many New U stores does Dabur India currently operate?
Dabur India's beauty chain, New U, currently has 70 outlets. These stores are spread across 28 cities within India, forming a significant retail presence for the company.
Q.What are It's Skin's expansion plans within India this year?
What are It's Skin's expansion plans within India this year?
It's Skin plans to open 20 stores in New Delhi and the surrounding area this year. They will start with 10 shops initially within the capital city.
Q.What was Dabur India’s sales figure for last year?
What was Dabur India’s sales figure for last year?
Dabur India recorded 78.1 billion rupees in sales last year. This translates to approximately US$1.2 billion, highlighting its significant market presence as India's fourth-largest retailer.
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