THE WHAT? Private equity group ShawKwei and Partners has invested an undisclosed sum in Hong Kong’s International Cosmetics Suppliers, according to a report published by Business Times.
THE DETAILS The investor plans to help the beauty packaging expert to make strategic acquisitions in Asia, the US and Europe, Business Times reports.
THE WHY? Kyle Shaw, ShawKwei Founder and Managing Partner explained, per Business Times, “It’s an industry that’s characterized by a very high level of sophistication; customers demand a high standard. So it’s an area that’s a profitable one if you’re able to satisfy the market’s needs.”