Johnson Products Co.—originally founded in 1954 and newly established as an independent
African-American company in the ethnic haircare market three years ago—is restructuring as it prepares for growth.
CEO Eric Brown is becoming executive chair. In his new role, Brown will be actively involved with JPC and focused on strategic initiatives as well as potential acquisitions.
So you think the biggest consumers of Internet beauty products are from the United States and Europe? Think again. The reality may surprise you.
Kline & Co. recently issued its Beauty Retailing Through Direct Sales in Emerging Markets 2011: Channel Analysis and Opportunities report. The report found that Internet beauty sales in China have grown nearly 200% since 2006 and are estimated to be worth nearly $8 billion at the retail sales level in 2011. This makes China the largest Internet beauty market in the world.
More On BeautyStoreBusiness