The Italian contract manufacturer of color cosmetics has taken a majority stake in China’s cosmetic formulation and filling company iColor Group with the aim to expand its global footprint.
Gotha Cosmetics sets foot in China through a majority investment in iColor Group, a cosmetic formulation and filling company headquartered in Shanghai. Financial details were not disclosed, but the operation marks a key milestone in the international expansion of the Italian company.
Created in 2005,.