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<a href="http://www.accessmylibrary.com/coms2/summary_0286-10507464_ITM" title="Facts and information about JAPAN'S KANEBO LAUNCHES COSMETICS VENTURE WITH S KOREA'S KUMBI.">JAPAN'S KANEBO LAUNCHES COSMETICS VENTURE WITH S KOREA'S KUMBI.</a>
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JAPAN'S KANEBO LAUNCHES COSMETICS VENTURE WITH S KOREA'S KUMBI.
TOKYO, Aug 1 Asia Pulse - Kanebo Ltd. (TSE:3102) said Tuesday that it has formed a joint venture with South Korea's Kumbi Co. for the production and sale of cosmetics.
The partnership will enable the leading Japanese cosmetics firm to build a full-scale supply system in a market in which the company's annual sales has grown by 25 per cent, according to a Kanebo official.
The joint venture, Kanebo & Kumbi Cosmetics Co., is capitalized at 4 billion won, or about 400 million yen (US$3.2 million), with Kanebo holding a 51 per cent ...
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