Follow us twitter facebook
Edition: Global
Click here to subscribe toour free weekly newsletter click here
Industry buzz

Korres partners with Johnson & Johnson in North America

Greek manufacturer of natural cosmetic products, Korres, entered into a product licensing agreement with Johnson & Johnson, to sell and distribute Korres branded products in North America.

During a transition period, until approximately January 2011, Korres will distribute its products in North America through a newly-formed subsidiary, Korres North America, Ltd.

For Johnson & Johnson, it is a first step into the prestige beauty segment.

The financial terms include an initial payment of 7.25 million US dollars and an ongoing royalty on sales of Korres products in North America from 2011 to 2019. The minimum royalty amount paid to Korres through 2014 will be 10.25 million US dollars. The upfront fixed payment will fund the cost of the transition and ongoing support of the brand in North America, as well as the termination of the existing distribution agreement.

Set up in 1996, Korres distributes its products in 30 countries, including well known department stores in Tokyo, Los Angeles, Berlin, Sidney and Hong Kong, as well as, in over 5,600 pharmacies in Greece. Furthermore, Korres operates 35 stores in cities such as Athens, London, Paris, Frankfurt, Geneva, Vienna, Barcelona, Madrid, New York, Beijing, Dubai and Singapore.

See online : www.korres.com
© 2009 - Premium Beauty News - www.premiumbeautynews.com
latest news
Focus
Strong end-year sales have limited the decrease of prestige beauty sales in 2017. - Photo: © Minerva Studio / shutterstock.com

The French cosmetics market still struggling with low sales

Sales of hygiene and cosmetic products in are still decreasing in France both in the mass and selective channels. According Kantar Worldpanel, sales by mass retailers decreased by 2.2% in 2017 with even worst figures for shaving products (6.2%) and deodorants (5.5%). Sales of bath and shower products and sales of toilet soaps (...)

read more
job opportunities
Experts’ views
Eyeseryl: A solution for men's eye contour

Lipotec
Eyeseryl: A solution for men’s eye contour

Contemporary men are looking for different ways to express their masculinity, challenging traditional ideas and clichés. More and more they opt to care for their appearance, pay attention to how their skin looks and use facial skincare to solve problems and prevent skin aging. Young men are particularly self-critical about their look (...)

read more

Features

We use cookies to give you a better browsing experience. By continuing your visit to this site, you accept the use of cookies. Read more and set cookies
close