06.15.15
Mary Kay Inc. has announced it has appointed CBRE, the world's largest commercial real estate and investment firm, to explore future options for its global manufacturing and R&D facility in Dallas, Texas.
The analysis by CBRE will provide insight for Mary Kay Inc. as the company considers updating its existing operation or building a new facility to house both manufacturing and R&D. Construction sites for a possible new facility will be considered in the Dallas/Fort Worth area. Mary Kay is expected to make a decision by the end of 2015.
The beauty company's current global manufacturing facility, shown above, opened on Regal Row in Dallas in 1969. Today, the 420,000 square feet facility produces up to 1.1 million units of in demand made-in-America products per day, of which 57 percent are exported to Mary Kay Inc.'s international markets.
David Holl, President and Chief Executive Officer for Mary Kay Inc., commented: "Approximately 75 percent of our business is overseas today and yet more than 50 percent of Mary Kay products produced at the Dallas manufacturing facility are exported to our international markets. As we approach the status of a top five beauty brand globally, it's essential that we continue to have state-of-the-art manufacturing and research and development facilities to produce the highest quality skin care and color cosmetics for our more than 3.5 million independent sales force members worldwide."
The analysis by CBRE will provide insight for Mary Kay Inc. as the company considers updating its existing operation or building a new facility to house both manufacturing and R&D. Construction sites for a possible new facility will be considered in the Dallas/Fort Worth area. Mary Kay is expected to make a decision by the end of 2015.
The beauty company's current global manufacturing facility, shown above, opened on Regal Row in Dallas in 1969. Today, the 420,000 square feet facility produces up to 1.1 million units of in demand made-in-America products per day, of which 57 percent are exported to Mary Kay Inc.'s international markets.
David Holl, President and Chief Executive Officer for Mary Kay Inc., commented: "Approximately 75 percent of our business is overseas today and yet more than 50 percent of Mary Kay products produced at the Dallas manufacturing facility are exported to our international markets. As we approach the status of a top five beauty brand globally, it's essential that we continue to have state-of-the-art manufacturing and research and development facilities to produce the highest quality skin care and color cosmetics for our more than 3.5 million independent sales force members worldwide."
