Johnson & Johnson Acquires Japanese Skin Care Brands

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By: TOM BRANNA

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JAPAN: Johnson & Johnson has reached a deal with Ci:z Holdings Co., Ltd., the Japanese company behind Dr.Ci:Labo, Labo Labo and Genomer skin care brands, to launch an all-cash offer to acquire all outstanding shares of the company not already held by Johnson & Johnson and its affiliates for approximately ¥230 billion (approximately $2.0 billion at current exchange rates). “Health and beauty consumers are actively seeking science-based innovation to improve their skin,” said Jorge Me...

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