Korean cosmetics retailer Missha is returning to Hong Kong.
Some 20 Missha Hong Kong stores were shuttered around New Year’s Eve this year when the previous local retail partner collapsed.
Now Missha has a new partner – DKSH (DiethelmKellerSiberHegner) – which will apparently help it build a new network.
Missha entered Hong Kong in 2004, four years after its launch in Korea. But during the last two years it has faced tough competition from new rival brands, including Etude House and Nature Republic.
Missha’s parent Able C&C said on Tuesday it had signed a contract with Swiss based DKSH Hong Kong giving it exclusive rights to promote Missha in the territory.
The first two stores quietly opened on June 30 ahead of the formal announcement – counters in DKSH duty free stores in Causeway Bay and Tsim Sha Tsui.
The following day a standalone store opened inside Yuen Long Plaza.
DKSH has reached an agreement with Mannings to sell the products through 200 stores by the end of July and in 300 by the end of next year.