US cosmetics trade association ICMAD (Independent Cosmetic Manufacturers and Distributors) and Beauty Cluster Barcelona (BCB) in Spain recently signed a collaboration agreement. The partnership seeks to promote business relationships, opportunities and knowledge sharing between the two entities, while raising the profile of its members internationally.
Both ICMAD and BCB have created Partnership Committees to develop initiatives in line with the agreement’s objectives. Future projects include networking events, joint research projects, data sharing, market surveys and corporate social responsibility actions.
The agreement was signed by Chris Hobson, Vice Chairman of ICMAD, and Tim Eaves, President of Beauty Cluster Barcelona, at a co-hosted International Networking Cocktail at the Royal Hotel Carlton at Bologna, Italy, aside to the Cosmoprof Worldwide Bologna tradeshow. Besides members of the two entities, French association Cosmetic Valley, the Italian Trade Agency (ICE) and over 150 industry professionals were present at the signing.
“Europe and North America account for two thirds of the global beauty market. This partnership makes sense on every level. I am excited about the many opportunities it will open up for the Beauty Cluster and ICMAD, as we work together to promote a sustainable, competitive and responsible cosmetic industry,” commented Tim Eaves.