Deals
CVC Buying Shiseido Personal-Care Unit in $1.5 Billion Deal
- Sale includes brands Tsubaki hair-care, Senka face wash
- CVC to oversee holding co. that could go public in future
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Shiseido Co. agreed to sell its shampoo and affordable skin-care business to CVC Capital Partners in a deal worth 160 billion yen ($1.5 billion), as the Japanese beauty giant shifts more of its focus to making and selling high-end skin products.
The operations divested include Shiseido’s well-known drugstore brands, including Tsubaki hair-care products and Senka face wash, the company said in a statement Wednesday. The company had earlier confirmed it was in talks to sell the unit following a Bloomberg report last month.