Good growth, lower margins for Kappa’s Chinese licensee

China Dongxiang reported a 17.3 percent increase in total revenues to 1,706 million yuan renmimbi (€225.2m-$254.3m) for 2018, driven by an 18.4 percent increase in its Kappa business in China, whose revenues represented 68.8 percent of the total turnover. Kappa grew by 11.6 percent in Japan, where the Phenix brand raised ...