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Oliveda International, Inc. Announces Retail Approval for Oliveda Products in China - the World’s Largest Beauty Market
Oliveda International, Inc. Announces Retail Approval for Oliveda Products in China - the World’s Largest Beauty Market.
About this update from Oliveda International, Inc.
[{"type":"text","content":"\nApproval will allow Oliveda products to be introduced through retailers; new partnerships to be explored at upcoming beauty expo in Shanghai  \n SANTA MONICA, CA, April 17, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Oliveda International, Inc. (OTC Pink: OLVI), a leading international natural cosmetics and wearable beauty and health technology innovator, today announced retail approval for Oliveda’s top selling natural cosmetic and beauty products in the China market, estimated to be the largest in the world.  As part of its retail launch in China, Oliveda will introduce its products to additional retailers and beauty enthusiasts at the upcoming China Beauty Expo, promoted as Asia’s leading and largest beauty event. The Asia-Pacific region is estimated by analysts to be the largest market for cosmetics and beauty products, accounting for approximately 36% of the global total, with China being the largest consumer within that region.  The increasing demand in China has been fueled by a growing number of affluent urban customers and a rapidly expanding middle class, estimated at over 400 million strong.  The desire of these demographics for premium cosmetic and beauty products, especially unique brands like Oliveda, has fueled massive growth in the sector.   To illustrate this point, Chinese consumers accounted for 33% of all luxury goods spending globally last year, and luxury spending in the country is expected to increase by 10% in 2019. “Retail approval in China is an important development, especially given its large market size and growing consumer base for high quality brands,” stated Thomas Lommel, Chairman and CEO of Oliveda International, Inc.  “Beyond the quality and effectiveness of Oliveda’s products, the unique story – tapping into the power of the mountain olive tree, which can live up to 4,000 years with full vitality, the connection to nature, and the rejuvenating effects of this connection – will appeal to a large segment of Chinese consumers, and we have great optimism about our performance in this market. “As a public company, Oliveda International’s plan was to strategically expand into the largest global cosmetic and beauty markets, replicating the success Oliveda has already achieved in Europe with Oliveda ...