Shiseido to sell affordable personal care unit to CVC for ¥160 billion Sorry, but your browser needs Javascript to use this site. If you re not sure how to activate it, please refer to this site: https://www.enable-javascript.com/
Shiseido Co. will shift to focus on high-end skin products by selling its affordable skin-care business to CVC Capital Partners. | GETTY IMAGES / VIA BLOOMBERG
Bloomberg Feb 4, 2021
Shiseido Co. has agreed to sell its shampoo and affordable skin-care business to CVC Capital Partners in a deal worth ¥160 billion ($1.5 billion), as the Japanese beauty giant shifts its focus to making and selling high-end skin products.
By Reuters Staff
2 Min Read
TOKYO (Reuters) - Japanese cosmetics firm Shiseido Co Ltd said on Friday it was in talks to sell its lower-priced skincare and shampoo brands to private equity firm CVC Capital Partners in a deal reported to be valued at more than $1.45 billion.
FILE PHOTO: Lipsticks are displayed at a shop of Shiseido Co in Tokyo, Japan, March 7, 2016. Lipstick shades are kissing off Japan s short-lived economic recovery, and fashion industry hues are turning as somber as a central banker after another ineffectual splurge of money printing. REUTERS/Toru Hanai
Shiseido, whose shares ended the day up 4.4%, said it was negotiating a sale of its personal care business in the first half of the year to CVC but said no decision had been taken.
Top 5 Asian Consumer Stocks for 2021 thestreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestreet.com Daily Mail and Mail on Sunday newspapers.