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Biz News Korea(Eng)
Globon wins exclusive cosmetics supply contract with U.S.-based ACN
- Collected
- 2017.02.21
- Distributed
- 2017.02.24
- Source
- Go Direct
Under the contract, ACN will exclusively sell the high-end lines of Globon’s cosmetics starting end-March this year, Danny Bae, vice president of Asia Sales at ACN who was also appointed as a marketing executive for Globon, said during 2017 ACN convention held at the Jamsil Indoor Gymnasium in Seoul on Saturday.
ACN plans to launch Globon’s cosmetics products in Asia including South Korea and Japan and later market them in the U.S. and Europe, said an official at Globon. ACN’s extensive worldwide supply network is expected to significantly improve Globon ’s sales when considering that other global cosmetics firms are enjoying stellar performance from their marketing partnership with other globally leading direct sellers Amway and Nu Skin, added the official. Founded in 1993, ACN is a major direct seller in the U.S., offering telecommunications, energy, and other essential services for residential and business customers across 25 countries in the world.
Globon shares closed at 4,865 won on Monday, falling 3.5 percent, or 175 won, from the previous session.
By Jeon Ji-hyun
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