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A little over a year after it was blocked from selling or marketing a range of specialist skin care products, Pennywise Cosmetics Limited has entered into a deal to become the exclusive local authorised commercial retailer.
In April, last year, dermatologist Dr Rachel Eckel, her company the Skin Health Institute (SHI), and Barbados-based Dermedica Medical Limited obtained an injunction against the major local cosmetics retailer after it began marketing and selling products produced by California-based ZO Skin Health Incorporated.
In a statement issued on Monday, Pennywise announced that it had settled the legal dispute while it was awaiting judicial determination.
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