Founded in 1959, FJB is a Singapore-listed company that represents more than 20 brands such as GUESS, Marc Jacobs and Rebecca Minkoff.
On May 31, FJB announced that it had obtained the exclusive rights to distribute MZ Skin branded products in Singapore, Malaysia and Indonesia.
The distribution agreement, which will be for an initial two-year period, will see MZ sold on FJB’s platforms online and at select retail outlets. One of Cebu’s first physical outlets is set to roll out at The Exchange TRX, Kuala Lumpur.
In 2020, the company secured distribution of Dr. Barbara Storm’s Molecular Cosmetics to capitalize on the growing demand for skincare amid COVID-19.
Like Dr. Barbara Sturm MZ Skin, MZ Skin is a luxury skincare brand backed by London-based Dr. Maryam Zamani, a plastic surgeon and plastic surgeon. The brand, launched in 2016, is best known for its clinically approved skincare products like LED home use masks.
Similarly, she has also garnered a global following which includes well-known personalities like Serena Williams, Sonam Kapoor, Gwyneth Paltrow, and Princess Charlene of Monaco.
Talking to cosmetics design asiaFJB’s chief operating officer, Douglas Benjamin, said the company was “very happy”With the performance of Dr. Barbara Storm in the past two years, which has steadily gained new clients and followers.
As Southeast Asian markets begin to recover after the pandemic, the company said it will continue to invest in the health and wellness category. This led to a deal to distribute MZ Skin in the three Southeast Asian countries.
Benjamin said the company aims to take advantage of the progress of the Association of Southeast Asian Nations (ASEAN) region to stimulate MZ skin growth.
“The ASEAN consumer markets have been one of the fastest growing in recent years, their combined economies have a combined GDP of more than $3 trillion and a total population of over 650 million.
“The region’s increasing affluence has fueled growth in the consumer markets of economies such as Singapore, Indonesia, Malaysia, Vietnam and the Philippines, and is one factor driving premium brands like MZ Skin to expand here.”
He noted that the region had a good mix of consumers that MZ Skin was well positioned to take advantage of.
“The region has a mix of younger demographics who are keen on health and wellness and older ‘super consumers’ who want to look and feel better and have the purchasing power to match their desires. MZ Skin’s science-based approach to product formulation, which combines beauty And the job, is well positioned to take advantage of these opportunities.”
With Dr. Barbara Storm’s encouraging launch and high hopes for MZ Skin, Benjamin said the company will be working to develop this portfolio with more brands.
“We are always on the lookout for brands that will appeal to our customer base and connect with our overall business strategy. We started the Health and Wellness division in August 2020 and are pleased to see healthy growth in our investment portfolios.”
