Thursday 22nd March 2012
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Ecoya, the scented candle and skin-care products company, has extended its push into Asia, signing a distribution agreement with Japanese cosmetics and body care company, Kinu.
Auckland-based Ecoya already distributes its natural skincare brand, Trilogy to Japanese department store Isetan.
“Asia continues to be a growth market,” said Geoff Ross, chairman and chief executive. “And beyond Australia, Asia will be where we see very strong growth coming from, primarily within our biggest market Japan, but also in China and Korea.”
The agreement comes into effect on April 1.
Ecoya’s backers include Ross, who was responsible for driving the global rollout of the 42 Below vodka brand, Trade Me founder Sam Morgan and Max clothing chain founder David Wright, who increased their holdings in November through a $1.15 million placement of new shares.
Air New Zealand’s chief executive Rob Fyfe, is also a director of Ecoya and increased his holding in the company last year after purchasing 277,778 shares from founder Craig Schweighoffer.
Shares in the company are currently up 5.5 percent at 96 cents.
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