Breaking News

Kao To Acquire Kanebo’s Cosmetics Operations

November 15, 2005

JAPAN: Kao Corp. is in the final stage of negotiations to purchase the cosmetics operations of Kanebo Ltd. The acquisition is expected to exceed $3.8 billion.
Under the proposed agreement, Kanebo will sell the operations to a new company to be set up by Kao, which will obtain the trademark rights to and sales network of the Kanebo brand.
Kanbeo executives said the company’s cosmetics business generated $2 billion in sales for the fiscal year ended March 31, 2003. Kao’s operations in this area earned $718 million. Kao executives said the acquisition will lift its cosmetics sales on a group basis to about $2.8 billion.
blog comments powered by Disqus
  • Senior Skin Care

    Senior Skin Care

    Christine Esposito, Associate Editor||July 19, 2016
    McCord Research and Product Quest Manufacturing roll out new hospital-grade skin care kits for seniors to use at home.

  • Naterra Expands Tree Hut Range

    Naterra Expands Tree Hut Range

    Melissa Meisel, Associate Editor||July 18, 2016
    New ‘Bare’ collection is out now.

  • An Antioxidant Arsenal

    An Antioxidant Arsenal

    July 11, 2016
    BioRewind is Dermarché Labs' new anti-aging regimen that delivers broad-spectrum antioxidant protection against free radicals

  • Sustainability is Omnipresent

    Sustainability is Omnipresent

    Christine Esposito , Associate Editor||July 1, 2016
    Industry stakeholders convene in New York City for Organic Monitor’s annual event

  • Perceived Perfection

    Perceived Perfection

    Christine Esposito, Associate Editor||July 1, 2016
    From primers to pressed powders, facial cosmetics help create the illusion of a flawless complexion.

  • Preserve & Serve

    Preserve & Serve

    Melissa Meisel , Associate Editor||July 1, 2016
    Suppliers with innovative preservatives provide staying power for formulations.