Japan’s beauty giant Kao Corporation has announced an agreement to acquire Australian sun and body care brand Bondi Sands. The operation, estimated to be worth 450 million Australian dollars, allows the group to strengthen its sun care business.

Founded in 2012 in Melbourne, Australia, Bondi Sands specializes in self-tanning, suncare, skincare and body products. Named after Australia’s most iconic beach, the brand quickly grew a strong global following by consumers interested in its easy to...

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