【(Coty Inc.) with local skin care company Ding Notice: The two sides have reached a share purchase agreement. Under the agreement, Coty Ding holding company will receive the majority of shares,mac brushes, the two sides transaction is expected to be completed in January 2011.
amount on both sides of the deal were not disclosed. A foreign news, said the Coty on Ding In addition, domestic media reported that a senior, said Ding, Coty acquired shares between 50% to 60%.
Coty Group was established in Paris in 1904, is one of the five largest cosmetics company, is the world's largest fragrance company, with annual sales of nearly 40 billion U.S. dollars. Owns the world's second-largest cosmetics brand Rui mystery (rimmel) and personal care adidas series, such as the International Day of nearly 30 brands.
Ding, founded in 1995 and headquartered in Suzhou, China now has four production bases,mac makeup wholesale, which owns market position.
Ding's parent company - Tony Lennon biochemical (Suzhou) Co.,mac makeup, Ltd. from 2009 to frequent contact with many foreign companies, including Coty. October 28 this year, Ding Coty Inc. announced the launch of a new
Coty is also seen as the acquisition of Ding's signal into China again. In 2004, Coty has developed markets in China and complete sales channel Yue-Sai (Yue-Sai) almost quit after the sale to L'Oreal China markets.
Insiders said that China's Ding Coty acquired on areas of the business over a certain impact. For Ding, it is a piece can break through the bottleneck of the development itself a good thing.
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