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Coreana signs W285b supply deal with Chinese retailer
By Korea HeraldPublished : June 20, 2016 - 17:06
[THE INVESTOR] Korean cosmetics maker Coreana on June 20 signed a 285 billion won (US$ 245 million) supply deal with China’s Y&F.
Under the contract, the Chinese firm will import and market Coreana’s Orthia brands cosmetics products over the next five years.
Korean retailer Songjung will act as Y&F’s import channel for the cosmetics.
Coreana said that the deal will provide the company with diverse marketing channels in China.
By Choi He-suk (cheesuk@heraldcorp.com)
Under the contract, the Chinese firm will import and market Coreana’s Orthia brands cosmetics products over the next five years.
Korean retailer Songjung will act as Y&F’s import channel for the cosmetics.
Coreana said that the deal will provide the company with diverse marketing channels in China.
By Choi He-suk (cheesuk@heraldcorp.com)
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Articles by Korea Herald
