Chinese Grand Fan Group has announced the acquisition of the Cicabel brand from Santinov.
The deal covers the brand and related technologies and is the group’s first foray into the skin care sector. Nethertheless it has high expectations, revealing that it expects Cicabel to become a leading brand in China.
“China’s skin care market needs a leading brand. With our strong confidence in high-tech approaches when it comes to approving one’s appearance, we decided to take over Cicabel,” commented a representative of Grand Fan Group.
Grand Fan Group is set to launch the first peptide-based facial mask under the Cicabel banner onto the Chinese market in September.