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.
Petrol to cost nearly 10 per cent more in May across the UAE
Genel courts Turkey with Kurdish gas to reduce reliance on Russia
Apple sales fall 13 per cent in first quarterly revenue decline in 13 years
Airbus A320neo hit by hydraulic system problems
Digital skills to help Saudi achieve 30 per cent female workforce