Kolmar Korea acquires global ownership of cosmetics brand

SEOUL, May 17 (UPI) — Kolmar Korea, a cosmetics agreement company based mostly in Seoul, declared Tuesday it has obtained the world-wide trademark legal rights to the Kolmar model from the Kolmar headquarters business office in the United States.

Kolmar United states introduced in 1921 as the first official Kolmar firm.

Immediately after the acquisition of the trademark rights, Kolmar Korea claimed it planned to change 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 market place, Kolmar Korea is also scheduled to make a technologies profits heart in New Jersey and commence its operation this calendar year.

Because its institution in 1990, Kolmar Korea has delivered cosmetics items for hundreds of outfits ranging from Korean finances labels to overseas luxury makes.

The enterprise also tapped into the health care small business in excess of the past yrs.

“The Kolmar brand came to existence some 100 yrs back in the U.S., and now we individual it,” Kolmar Korea Vice Chairman Yoon Sang-hyun claimed in a assertion.

“As Kolmar Korea is now in demand of the worldwide Kolmar manufacturer, we will grow our presence in the worldwide industry,” he mentioned.

Yoon is the son of Kolmar Korea founder Yoon Dong-han.

Observers in contrast Kolmar Korea to Fila Korea.

In 2007, Fila Korea, a South Korean sportswear producer, obtained the manufacturer that was started in 1911 in Italy. Four several years later, Fila obtained worldwide golfing brand Titleist for $1.23 billion.

“What Kolmar Korea has acquired is the heritage and history of the Kolmar brand name. These types of a transfer would assistance the enterprise tap into the international marketplace in a additional proactive way,” Web optimization Yong-gu, a professor of business administration at Sookmyung Women’s University, advised UPI News Korea.