Signature Label Signs MOU with TDIC, Vietnam’s Leading Cosmetic Distributor
Signature Label Signs MOU for Business Collaboration with TDIC, Vietnam’s Leading Cosmetic Distributor
Jimmy Lee (CEO, Signature Label) and Sammi Dao Thuy Dung(Chairman, TDIC / Sammishop) in MOU Signing Ceremony, TDIC HQ, Hanoi, Vietnam
SEOUL--(Korea Newswire) June 28, 2023 -- Global K-beauty distribution startup, Signature Label, announced that it has signed an MOU with TDIC(Thuy Dung International Cosmetic), leading cosmetic distributor in Vietnam, for business collaboration in the Korean cosmetic distribution sector. The two companies plan to explore extensive collaboration opportunities regarding the distribution strategy for K-beauty products entering the Vietnamese market, following the signing of the MOU.
Through this business collaboration, Signature Label and TDIC will share their expertise in Korean cosmetic brands and their capabilities in the Vietnamese cosmetic distribution market, aiming to create success stories for K-beauty brands. Korean cosmetics discovered by Signature Label will be proposed to TDIC through a fast-track process, and upon the contract signing with TDIC, the products will be distributed throughout Vietnam with the full support of both companies.
TDIC is a comprehensive cosmetic specialist company representing Vietnam. It supplies products to over a thousand local retail shops and operates a retail distribution brand shop called Sammishop. Known as the “The best cosmetic brand shop of Vietnam,” Sammishop opened its first store in Hanoi in 2009 and currently operates 23 stores nationwide. It distributes a wide range of world-renowned brand cosmetics and has close cooperation with major overseas distributors. Its sales, as of last year, have been rapidly growing, reaching 200 million dollars.
Signature Label is a global K-beauty distribution startup that currently collaborates with top-tier beauty commerce platforms in countries such as Vietnam, Indonesia, and Thailand, where B2B distributors lead the cosmetic distribution industry. With its verified network, Signature Label assists in establishing reliable partnerships, as well as marketing, distribution strategies, and pricing policies, helping to save time in channel management and brand building. It was founded in March by CEO Jimmy Lee, who successfully led the entry of domestic cosmetic brands such as “Skin1004” and “9Wishes” into Southeast Asia.
Regarding this MOU, Eric Vu, the President of TDIC, stated, “TDIC aims to provide consumers with the most perfect benefits and value they desire. Through our partnership with Signature Label, we look forward to introducing more Korean beauty products with good quality, price, and unique concepts that meet the needs of Vietnamese consumers.”
Jimmy Lee, CEO of Signature Label, said, “Signature Label closely collaborates with top-tier beauty commerce platforms worldwide to quickly and extensively introduce evolving K-beauty trends to consumers around the world. Through cooperation with TDIC, Vietnam’s largest cosmetic distribution company, we aim to create representative K-beauty brands loved by Vietnamese consumers and lead the market to success.”
About Signature Label
Signature Label partners with Korean brands to unlock limitless potential, introducing them to a global audience and expanding their reach across borders. Our mission is to preserve and enhance your brand’s core values while navigating the global marketplace. With a deep understanding of the challenges faced by brands, we proactively address potential obstacles, ensuring that your brand remains resilient. By strategically managing distribution channels, we enable our partners to thrive without compromising their brand value. We actively seek out new opportunities that align with our commitment to environmental, social, and governance (ESG) efforts. By integrating sustainability into our business practices, we create a positive impact on both your brand and the world.
This is a news release distributed by Korea Newswire on behalf of this company.