Companies form a new joint venture, LG Farouk Co, manufacturing products in Korea
Farouk Systems has partnered with LG Household and Health, resulting in the formation of a co-owned corporation called LG Farouk Co.
The new company is due to open a manufacturing facility in Korea to serve distribution channels across Asia. The enterprise will combine the expertise of both LG and Farouk, creating innovative product concepts.
Together, we will be able to create and manufacture a whole new future of technology for the beauty industry.
Planned new products include anti-ageing and hydrating skin care products as well as technologically advanced devices.
Farouk has also agreed a deal to distribute LG’s skin care brands worldwide using its distribution channels in the salon industry.
Dr Farouk Shami, Founder at Farouk Systems, commented: “This union will not only provide a new form of science from LG but a fresher approach combining art and innovation that Farouk Systems is famous for.
“Together, we will be able to create and manufacture a whole new future of technology for the beauty industry.”
Farouk Systems is a US-based company best known for producing professional hair care brands, such as Chi and BioSilk.
LG Household and Health Care is a South Korean multinational company headquartered in Yeouido-dong, Seoul. It is a member of the LG Group, which spans 130 countries.
Sign in to see recommended stories here.