YSG - Yatsen inks strategic collaboration with Sensient Technologies
Yatsen Holding (YSG) entered into a strategic collaboration with Sensient Technologies to jointly establish Innovative Color Laboratories with operations in Shanghai, Guangzhou, and Singapore.With four innovation laboratories and six raw material-supporting factories across the world, Sensient Technologies is a food, cosmetics and colorants suppliers, and a leader in cosmetic product safety.Through this collaboration, Sensient will channel its global laboratory experience to create new formulated solutions that match cosmetic trends in China and worldwide. Yatsen will contribute its vast experience in cosmetics and skincare to deliver innovative beauty products.Shares trading 1.2% higher premarket.
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Yatsen inks strategic collaboration with Sensient Technologies