Kolmar Korea acquires global ownership of cosmetics brand
SEOUL, May 17 (UPI) — Kolmar Korea, a cosmetics deal manufacturer primarily based in Seoul, introduced Tuesday it has acquired the world-wide trademark rights to the Kolmar model from the Kolmar headquarters office environment in the United States.
Kolmar United states introduced in 1921 as the first formal Kolmar firm.
Immediately after the acquisition of the trademark legal rights, Kolmar Korea mentioned it prepared to adjust its U.S affiliate from PTP to Kolmar United states of america, and Canadian unit CSR to Kolmar Canada.
To improve its footing in the North American industry, Kolmar Korea is also scheduled to establish a technology sales centre in New Jersey and start its operation this year.
Given that its establishment in 1990, Kolmar Korea has offered cosmetics solutions for hundreds of outfits ranging from Korean funds labels to abroad luxurious makes.
The enterprise also tapped into the healthcare business about the past decades.
“The Kolmar brand name came to existence some 100 years ago in the U.S., and now we possess it,” Kolmar Korea Vice Chairman Yoon Sang-hyun claimed in a statement.
“As Kolmar Korea is now in cost of the international Kolmar model, we will expand our presence in the world sector,” he reported.
Yoon is the son of Kolmar Korea founder Yoon Dong-han.
Observers when compared Kolmar Korea to Fila Korea.
In 2007, Fila Korea, a South Korean sportswear producer, purchased the brand name that was founded in 1911 in Italy. 4 a long time afterwards, Fila obtained international golf model Titleist for $1.23 billion.
“What Kolmar Korea has acquired is the heritage and heritage of the Kolmar brand name. These kinds of a go would assistance the firm faucet into the world-wide current market in a additional proactive way,” Web optimization Yong-gu, a professor of small business administration at Sookmyung Women’s University, informed UPI Information Korea.
