[Alpha Biz= Reporter Paul Lee] Naturalistic functional cosmetics company Manyo plans to accelerate its global expansion.
Manyo announced on the 4th that it will enter 300 Costco offline stores across the United States in July to introduce the "Pure Cleansing Oil" duo set and expand contact with local consumers.
Manyo saw a steep increase in sales in the U.S. market last year, with sales rising 169 percent, mainly on its best-selling "pure cleansing oil." Since the second half of last year, Manyo's cleanser sales have grown rapidly on Amazon in the U.S., up 185% year-on-year.
The product was also selected as a global strategic product of Costco in the United States. As talks are underway with Costco Canada, Australia, Britain, France, Spain and Taiwan, they are expected to make inroads into stores around the world.
Alphabiz Reporter Kim SangJin(hoondork1977@alphabiz.co.kr)
