Jean Philippe expanding Ombre D'Or distribution in 1996.
This article was originally published in The Rose Sheet
JEAN PHILIPPE 1994 U.S. SALES 12.2% INCREASE TO $48.4 MIL. reflects "the positive impact of the recently acquired Cutex lip and nail product line and the negative impact of store closings" by one of Jean Philippe's larger customers, according to the company's recently released annual report. Jean Philippe became the exclusive manufacturer and distributor for Cutex in the U.S. and Puerto Rico in August 1994 via a licensing agreement with Chesebrough-Ponds. Domestic Jean Philippe revenues represented 64.4% of the firm's consolidated 1994 sales of $75.1 mil. ("The Rose Sheet" April 3, p. 9). Net income for the U.S. jumped 22.5% to $6.3 mil. in 1994.
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