Mary Kay to Invest $25 Million in China, Soon Its Largest Market
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Mary Kay Inc., the cosmetics seller famous for rewarding top sales agents with pink Cadillacs, plans to invest $25 million to build a distribution center in China, soon to be its largest market.
Mary Kay, which sells skin care and color cosmetics through 600,000 independent saleswomen in China, will this year start building a distribution center in Hangzhou, the site of its only overseas plant, Chief Executive Officer David Holl said in an interview. Construction will last 12 months, he said.