It's Skin to enter Indian cosmetic market
By Kim Eun-jung
SEOUL, March 9 (Yonhap) -- It's Skin Co., South Korea's fourth-largest cosmetic maker, said Wednesday it will enter the Indian market through a partnership with local retail giant Dabur India.
It's Skin signed a memorandum of understanding with Dabur to sell 120 kinds of cosmetics in its New U beauty retail chain, stepping up its overseas bid beyond China, Japan and Southeast Asian nations.
Starting with 10 shops in New Delhi, the company plans to open 20 in the capital and the surrounding area within this year.
It's Skin is best known for its snail cream, "Prestige Cream d'escargot," which has seen huge success since it went on the market in 2009.
The company posted 309.6 billion won (US$255 million) in sales last year, up 28 percent from a year ago. Its shares were listed on the Seoul bourse in December
Founded in 1884, Dabur India Ltd. is India's fourth-largest retailer that logged 78.1 billion rupees (US$1.2 billion) in sales in 2015. Its beauty chain New U operates 70 stores in 28 cities in India.
ejkim@yna.co.kr
(END)
-
(Yonhap Interview) BTS producer encourages anticipation for future messages from group
-
(News Focus) From hip-hop idols to global superstars, BTS shatters records over decade
-
BTS to drop song celebrating 10th anniversary
-
3 EXO members file antitrust complaint against SM Entertainment
-
RM to attend Seoul festival to mark BTS' 10th anniv.
-
(Yonhap Interview) BTS producer encourages anticipation for future messages from group
-
(News Focus) From hip-hop idols to global superstars, BTS shatters records over decade
-
(LEAD) 4 Chinese, 4 Russian military planes enter S. Korea's air defense zone without notice: S. Korean military
-
S. Korean military continues operation to salvage N. Korean rocket debris
-
BTS to drop song celebrating 10th anniversary
-
BTS to drop song celebrating 10th anniversary
-
(LEAD) 14 injured as escalator reverses at Sunae Station in Bundang
-
(Yonhap Interview) UNSC virtually 'paralyzed' in dealing with N.K. provocations; S. Korea to urge China, Russia to play constructive role: FM
-
Chinese ambassador warns against betting against China
-
(LEAD) S. Korea fall to Italy in FIFA U-20 World Cup semifinals