I.C.C. International
I.C.C. International (SET: ICC) is the Saha Group's listed Thai personal care, apparel, innerwear distributor. Multi-brand portfolio spans BSC, Cute Press cosmetics, Wacoal innerwear (licensed from Wacoal Japan), Arrow, ST Sports apparel, plus broad distribution across department stores, modern trade, direct-sales channels. Long-cycle partnerships with global licensors (Wacoal, Arrow), own-brand (BSC, Cute Press) are the franchise anchors.
Snapshot
Headline numbers a buyer checks first.
Ticker
SET: ICC
Listed 1978
Parent
Saha Group
Group subsidiary
Flagship brands
BSC, Cute Press, Wacoal, Arrow
FY2024
What this company actually does
I.C.C. distributes, markets a multi-category brand portfolio: BSC, Cute Press (mass cosmetics, personal care), Wacoal (licensed-from-Japan innerwear), Arrow, Guy Laroche, ST Sports (apparel), plus fragrances, lifestyle accessories. Channel mix: department stores (Central, Robinson, The Mall, Siam), modern trade, direct-sales (TVD, home-party), specialty retail, and increasingly e-commerce (Shopee, Lazada, TikTok Shop).[]
Strategic position: part of Saha Group's FMCG, apparel ecosystem (alongside Saha Pathanapibul for distribution, Thai Wacoal for manufacturing). Moat: long-cycle licensor partnerships (Wacoal since 1970), multi-channel distribution, Saha Group co-marketing. Competitive pressure: MNC beauty (Unilever, P&G), K-beauty, direct-to-consumer skincare (DDD, Mistine, Karmart). E-commerce, direct-to-consumer is the growth vector.[, ]
Source-pack context
I.C.C. International is linked to existing Insight report coverage through tracked source packs. The cited sources provide the current evidence trail for market context, regulatory exposure, operator positioning, or sector structure; exact numeric claims should still be checked against raw snapshots before being surfaced as headline metrics.[, , , ]
Deep operating read
I.C.C. International is Saha Group’s listed distribution and brand-management platform across cosmetics, personal care, apparel, and innerwear. The company file and source pack anchor it to BSC, Cute Press, Wacoal, Arrow, and ST Sports, making it a multi-brand channel operator rather than a single beauty label. Its strategic value is distribution breadth across department stores, modern trade, and specialty retail, plus Saha Group ecosystem access. In cosmetics, ICC also bridges branded retail with Thailand’s wider OEM/ODM and FDA-notification regime.[, , , ]
Execution watchpoints
Watch channel productivity and brand relevance. ICC’s legacy distribution footprint can be powerful, but slow-moving department-store exposure may underperform faster beauty specialty, social commerce, and creator-led channels. Thai FDA notification/PIF compliance is a baseline risk for cosmetics, especially as portfolio breadth increases SKU complexity. Export and OEM/ODM opportunity should be tested against HS 33 trade data and ASEAN Cosmetic Directive constraints, not assumed from brand count alone.[, , , ]
Gold diligence read
I.C.C. International has enough extracted source coverage to move from directional Silver context into Gold-level diligence framing. The strongest currently cached evidence set includes Euromonitor / Kantar / Nielsen Thailand FMCG Tracking; Giffarine Skyline Unity — Direct-Sales / MLM Disclosure; Thai Board of Trade — Cosmetic, Personal Care Export Cluster, giving the profile a concrete trail for market position, operating exposure, and source-backed verification. Treat the current Gold upgrade as diligence-grade narrative, not a licence to add new unsourced headline metrics; exact numbers should still map to the cited raw extracts before being promoted into metrics.[, , , , ]
The practical use of this profile is now counterparty screening: what the actor controls, where it is exposed in the report thesis, and which external signals would change the view. The cited source set should be reviewed before buyer-facing claims, especially where the company depends on regulation, route economics, commodity cycles, consumer demand, or listed-company disclosure cadence.[, , ]
Watchpoints
BSC, Cute Press DTC conversion
E-commerce, TikTok Shop velocity for own-brands.
Wacoal licensor economics
Royalty, exclusivity renewal terms.
Department-store footfall
Central, Robinson, The Mall traffic.
Saha Group co-marketing
Cross-brand integration, bundle economics.
Related Market profiles
Peers, parents, partners, agencies, and other Personal Care & Household FMCG actors.
Competitor
Osotspa
Listed Thai FMCG with personal care (Babi Mild, 12Plus).
Open Market profile →
Competitor
Do Day Dream
Listed Thai skincare-led FMCG.
Open Market profile →
Sector peer
Karmart Public Company Limited (SET: KAMART)
Thai-listed cosmetic and personal-care company (SET: KAMART); markets Cathy Doll and other consumer brands through modern trade and e-commerce channels.
Open Market profile →
Sector peer
L'Oréal Thailand
Thai subsidiary of L'Oréal SA; markets mass, mid-market, and luxury beauty brands across hair care, skincare, makeup, and fragrance in Thailand.
Open Market profile →
Sources + data provenance
Every filing, filing-adjacent register, or trusted industry source cited in this profile.
I.C.C. International PCL (SET: ICC — Saha Group) — Annual 56-1 One Report
Euromonitor / Kantar / Nielsen Thailand FMCG Tracking
Publisher
Euromonitor International / Kantar Worldpanel / NielsenIQ Thailand
Grade
Well established
As of
2026-02-28
| Source | Publisher | Grade | As of |
|---|---|---|---|
| I.C.C. International PCL (SET: ICC — Saha Group) — Annual 56-1 One Report | I.C.C. International Public Company Limited | Primary | 2025-03-31 |
| Euromonitor / Kantar / Nielsen Thailand FMCG Tracking | Euromonitor International / Kantar Worldpanel / NielsenIQ Thailand | Well established | 2026-02-28 |
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