Kolmar Korea acquires global ownership of cosmetics brand2 min read
SEOUL, May 17 (UPI) — Kolmar Korea, a cosmetics deal manufacturer based in Seoul, introduced Tuesday it has obtained the global trademark rights to the Kolmar brand from the Kolmar headquarters office in the United States.
Kolmar Usa introduced in 1921 as the to start with formal Kolmar firm.
Immediately after the acquisition of the trademark rights, Kolmar Korea mentioned it planned to adjust its U.S affiliate from PTP to Kolmar United states of america, and Canadian unit CSR to Kolmar Canada.
To fortify its footing in the North American marketplace, Kolmar Korea is also scheduled to make a engineering income centre in New Jersey and start off its procedure this 12 months.
Considering the fact that its institution in 1990, Kolmar Korea has delivered cosmetics solutions for hundreds of outfits ranging from Korean spending plan labels to overseas luxury manufacturers.
The organization also tapped into the health care business around the earlier many years.
“The Kolmar model arrived to existence some 100 decades in the past in the U.S., and now we have it,” Kolmar Korea Vice Chairman Yoon Sang-hyun explained in a assertion.
“As Kolmar Korea is now in cost of the world wide Kolmar brand name, we will increase our existence in the world-wide market,” he said.
Yoon is the son of Kolmar Korea founder Yoon Dong-han.
Observers as opposed Kolmar Korea to Fila Korea.
In 2007, Fila Korea, a South Korean sportswear producer, procured the brand name that was founded in 1911 in Italy. 4 many years later on, Fila obtained world golf brand name Titleist for $1.23 billion.
“What Kolmar Korea has obtained is the heritage and historical past of the Kolmar manufacturer. These a go would aid the enterprise tap into the world wide current market in a more proactive way,” Search engine optimization Yong-gu, a professor of organization administration at Sookmyung Women’s College, advised UPI Information Korea.