Coty Inc. and KOSE Corp. have concluded a licensing agreement regarding the manufacture and distribution of Rimmel in Japan. Accordingly, KOSE will both import Rimmel products, a cosmetics brand owned by Coty and made in the UK, and initiate production based on the licensing agreement, with a launch in the Japanese market in September 2006.
"Coty celebrates joining forces with beauty leader KOSE, setting the platform for successful expansion in Japan,” said Bernd Beetz, CEO, Coty Inc., in a press statement. “This alliance offers dynamic business value for both organizations, and we look forward to collaborating on exciting new developments for Rimmel with a trusted, proven innovator in product excellence."
“The success in this collaboration is expected to advance the business expansion and corporate values of both parties in the future,” said Yasukiyo Kobayashi, president, KOSE Corp., in a press statement. “Both parties are confident that they are sure to provide Japanese women with new values and great satisfaction."