Welcome Guest to Happi

Subscribe Free: Magazine | eNewsletter

current issue November 2015
 •  The Laundress Opens Flagship Store  •  New Anti-Aging Active at Silab  •  Innospec Attains Cosmetic GMP Certification  •  Herbalife Clears Another Legal Hurdle  •  Mary Kay Picks Location for New R&D Center

Kao To Acquire Kanebo’s Cosmetics Operations

Published November 15, 2005
Related Searches: business executives men cosmetics
Post a comment
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