Robinsons Supermarket Corp. has sold Chic Centre Corp., maker of cosmetic brands Bobbie and Colortrends, to focus on its core business.
Chic Centre services 75% of the total nail care industry. It also owns cosmetic brands Chic and Rain.
In a disclosure to the stock exchange, RSC’s parent firm Robinsons Retail Holdings Inc. said Chic Center, which is engaged in manufacturing, is “no longer aligned with its core capabilities which is retailing.”
RRHI said the sale of Chic Centre would not have any material adverse effect on its business, operations and financial condition.
RSC acquired Chic Centre in October 2016
Chic Centre established a food services division in 2015 and has expanded its product portfolio from health and beauty to supplying fresh slush and juice mixes to convenience stores, gas station stores, supermarkets, and BPO centers.