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SOURCE POLA ORBIS HOLDINGS INC.
NEW YORK, Sept. 24, 2013 /PRNewswire/ -- POLA ORBIS HOLDINGS INC. ("POLA ORBIS"), one of Japan's leading cosmetics companies with 12 subsidiaries in its global portfolio, announces the opening of POLA ORBIS' U.S.-based Global Business Strategy Office in New York City. The new office, located in midtown Manhattan, is closely aligned with Tokyo headquarters focused on furthering the company's global presence including assessing key brand acquisitions.
"The opening of the POLA ORBIS Global Business Strategy Office in New York serves as a base point for the Group's overseas development process," said Satoshi Suzuki, President and Chief Executive Officer of POLA ORBIS. "This division will formulate marketing strategies geared to each country and region, in line with the multi-brand strategy which seeks to boost market share through several brands, and accelerate efforts to demonstrate synergies among the brands handled by Group companies."
Robert F. Seidl, the Chief Global Business Strategy Officer of POLA ORBIS, will be heading up the New York location alongside William Colli, who serves as the company's new General Manager. Seidl says of the venture, "We are delighted with the recent establishment of the New York City office of POLA ORBIS HOLDINGS. This office affirms the POLA ORBIS commitment to expand its business and brand portfolio reach as a leading global beauty company."
POLA ORBIS aims to accelerate its growth in global markets and achieve consolidated sales of ¥250 billion (U.S. $2.5 billion) by 2020. The company oversees a rich portfolio of global brands that include POLA, Orbis, Jurlique, H2O Plus and THREE, among others.
About POLA ORBIS HOLDINGS INC.:
POLA ORBIS, one of the leading cosmetic companies in Japan, has been developing its business model around the cosmetics industry with a recurring theme of "beauty and health" since its founding in 1929. POLA ORBIS operates in over 30 global markets, including China and Russia, employing a multi-channel strategy with multiple brands to meet diversified customer demands and increase market share. For more information on POLA ORBIS, please visit www.po-holdings.co.jp.
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