The international skin care and fragrances group has a global turnover of around $1.5bn, and is currently expanding operations in the region
August 19, 2008 5:20 by kippreport
Clarins, which promotes itself as a “natural ingredients” user, also says that it was the first French company to stop product testing on animals, in 1987.
In 2006, the company joined hands with Kibio, which makes natural organic products, to start a new line of cosmetics. According to the agreement, Clarins acquired a 10 percent stake in Kibio, with an investment of around $4.4m. The stake is set to increase to 60 percent this year.
Kibio was started in 2005 to build a line of organic skin care products, and Clarins said that it hoped to tap the huge market growth for bio cosmetics through the venture.