Hair-care products from Farouk Systems' brand CHI.
American hair products purveyor Farouk Systems Inc. and South Korean skin-care powerhouse LG Household and Health Care Ltd. have partnered on a joint venture projected to generate $1 billion in retail sales in its initial year in operation.
Ownership of the joint venture, called LG Farouk Co., is split evenly between Farouk Systems and LG Household and Health Care. LG Farouk Co. will establish a manufacturing facility in South Korea to produce and spread Farouk Systems’ products across Asia, and Farouk Systems will be charged with bringing LG’s merchandise to salons in the U.S.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)