DS Healthcare Group DSKX today announced it has signed an agreement
with a distributor in China and will soon launch its products into
the fast-growing Chinese beauty and personal care market. The
Company expects to begin generating revenues from sales in China in
the fourth quarter of this year.According to
Euromonitor International, total sales of beauty and personal
care products in China tripled in size from 2000 to reach an
estimated $24 billion in 2010. Euromonitor projects the market will
grow to $34 billion by 2015. Analysts believe this rapid pace is
driven by China's fast growing middle class."We believe international expansion will be a key driver for our
revenue growth in the future. Our products have universal appeal
and we are ready to meet demand in an increasing number of markets.
Having started to gain traction in Brazil, we are now ready to
enter China," stated DS Healthcare President and CEO Daniel
Khesin.DS Healthcare currently distributes its products in over 15
countries throughout Europe, Asia, the Middle East, and South
America. About DS Healthcare GroupDS Healthcare Group Inc. leads in the development and
distribution of topical therapies for personal care, including what
management believes is the world's most effective topical treatment
for
See full press release
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in