Shiseido To Drop Bid for Kanebo
Published December 9, 2005
Related Searches: cosmetics •
TOKYO: Shiseido Co., one of Japan’s largest cosmetics maker, has decided to withdraw from a series of tenders for Kanebo Ltd. and Kanebo Cosmetics Inc. to be held shortly by the state-backed Industrial Revitalization Corp. of Japan, company sources said. They added that Shiseido has decided that acquiring its one-time archrival would not provide many synergy effects.
blog comments powered by Disqus