Rebecca cosmetics, which specializes in beauty products, recently announced a $2.3 million expansion of its cosmetics and cosmetic surgery services in Canada.
The move, which will allow the company to expand its operations in Ontario and Quebec, is a major step for the cosmetics company, which has been criticized for not being competitive in the cosmetics industry in recent years.
The expansion is part of a larger strategy Rebecca is pursuing to diversify its business.
Rebecca said it has acquired a large portfolio of cosmetics and skin care products in Canada, including a number of brands such as Skin Care.com and Beauty & Cosmetics.
The expansion comes as Rebecca is working to expand into a more international market, with the company expanding its operations into the United Kingdom, Australia and Germany.
Rebecca currently has operations in the United States, France, New Zealand, Belgium and the United Arab Emirates.
The cosmetics and cosmetics services expansion is expected to begin in early 2017, and the company is currently in discussions with major Canadian and European companies about possible expansion.
Rebecca is already planning to open a new Toronto office in 2019.
The announcement came after the Canadian division of Rebecca Cosmetics posted a loss of $1.1 million in the first half of 2016, while revenue increased to $3.2 million.
In 2015, Rebecca posted a $1 million loss.
In addition to expanding the cosmetics and beauty services division, Rebecca said in a statement that it has secured the purchase of the assets of the cosmetics business.
This expansion will enable Rebecca to continue its expansion into Canada, as well as to acquire new businesses.