Deals

Blackstone Enters Exclusive Talks for Fancl Asia Unit

Skincare business outside Japan could fetch over $600 million
Hong Kong company operates over 240 Fancl stores outside Japan

Fancl store in Hong Kong, in 2020. Photographer: Budrul Chukrut/SOPA Images/Getty Images

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Vinicy Chan

February 2, 2021 at 11:16 AM UTC

Updated on

February 3, 2021 at 1:43 AM UTC

This article is for subscribers only.

Blackstone Group Inc. is in exclusive talks to acquire Japanese skincare brand Fancl’s Asia business outside its home country, people with knowledge of the matter said.

CMC Holdings Ltd. is working with adviser Morgan Stanley and is seeking more than $600 million for the business, Bloomberg News has reported. The Hong Kong-based company aims to conclude a deal in the first quarter.