Gotha Cosmetics makes first main step into China because it units sights on Asian growth

Gotha is an Italian contract producer specialising in color cosmetics. It just lately introduced that it had acquired China’s iColor Group, marking the Italian agency’s first main step into the Asian market.

“I believe strategically, an organization that appears to the medium-long time period needs to be in Asia, and China is the biggest market in Asia,”​ stated Paolo Valsecchi, CEO of Gotha Group, in an interview with CosmeticsDesign-Asia.

Based in 2005, Gotha is predicated in Northern Italy, close to town of Milan. As well as, it has gross sales and advertising and marketing places of work in Paris, New York, Los Angeles, Seoul and Shanghai.

Having a presence in China was a precedence for the corporate to serve its worldwide shoppers who’re all vying for shares in its booming magnificence market, in addition to achieve new partnerships with native gamers.

The corporate is aware of {that a} native presence is essential to higher perceive the native customers and native manufacturers.

Past that, its growth in China has turn out to be more and more necessary given the present state of delivery and transportation.

“With logistic lead instances, price of transportation is turning into so heavy, even for the multinational corporations, it’s turning into very troublesome to maintain getting merchandise from abroad,”​ stated Valsecchi.

He instructed us that he felt that this was the “proper time”​ for the corporate to start out constructing its presence in Asia, particularly China.

“Now after COVID-19, individuals wish to return to regular, particularly in China the place the restrictions had been very powerful in comparison with different international locations. I believe the chance for us on this interval is essential.

We will be happy to hear your thoughts

Leave a reply

Enable registration in settings - general
Compare items
  • Total (0)
Shopping cart