RNB Cosméticos, a Spanish manufacturer of private label cosmetics and fragrances for retailer Mercadona, among others, has reported an 8.7% decline in turnover for the full year 2014, to €95 million.
However, the company attributed the decline in turnover to its efforts to "make the company more competitive", it told El Economista.
Last year, RNB invested €4.2 million in upgrading its facility, and has improved its perfume output capacity to 12 million bottles annually.
RNB works with Mercadona on its best-selling Deliplus line, and has a dedicated R&D team of 20 on hand to develop unique product innovations for the retailer and its other clients.
© 2015 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones
