#China #Shanghai #Hair Care #JOY GROUP #Foltène

JOY GROUP Completes Acquisition of Foltène

In a significant move that aligns with its strategic goals, JOY GROUP, a prominent player in the beauty industry, has announced the completion of its acquisition of Foltène, a renowned Italian brand specializing in dermatological hair care. Founded in Milan in 1944 by pharmaceutical researchers, Foltène has built a solid reputation, grounded in scientific research and innovation. The brand's flagship products include advanced formulations aimed at promoting healthy hair growth and repair, underpinned by proprietary ingredients like Tricosaccaride® and Tricalgoxyl®.

With its extensive product offerings, Foltène is recognized globally for its commitment to quality and efficacy. Its products include ampoules designed to combat hair loss, gender-specific shampoos, serums for eyelashes and eyebrows, and nail repair essences, catering to a wide range of consumer needs. Foltène's commitment to rigorous scientific analysis and clinical validation has earned it a strong presence in over 30 countries, making it a beloved choice among consumers.

The acquisition marks a pivotal expansion for JOY GROUP within the hair and scalp care segment, facilitating access to an established distribution network and a specialized research laboratory in Italy. Allan Liu, Chairman and CEO of JOY GROUP, expressed optimism about this move, stating, "With increasing awareness surrounding scalp and hair health, we foresee immense growth opportunities ahead. Foltène's robust scientific background and leading-edge technologies have garnered trust from consumers worldwide, and we are thrilled to welcome them into the JOY GROUP family. This acquisition enhances our hair and scalp care portfolio, enabling us to provide advanced, scientifically-driven solutions to more consumers."

The inclusion of Foltène reflects JOY GROUP's overarching strategy of building a multi-brand, multi-category international portfolio. By integrating Foltène into its operations, JOY GROUP aims to leverage synergies among its existing brands, which include JUDYDOLL, JOOCYEE, and René Furterer, to foster innovation and growth in the competitive beauty market.

About JOY GROUP

JOY GROUP is a multi-brand beauty enterprise committed to fostering a world of beauty that brings joy to all. Its diverse portfolio features brands that span decorative cosmetics, dermatological skincare, and hair and scalp products. The company operates a dedicated research and development center alongside a cosmetic manufacturing facility, harnessing the talent from various disciplines to create a responsive and integrated supply chain.

To learn more about JOY GROUP and its exciting offerings, visit www.joy-group.com.