Company News, Financial News

Shiseido Completes Transfer of Personal Care Business to CVC Capital

The move is intended to build a world-leading prestige beauty business.

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By: TOM BRANNA

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Shiseido completed the transfer of its personal care business to CVC Capital Partners. A joint venture is now operational. As previously reported, Shiseido agreed to sell its personal care business to CVC for $1.5 billion. According to Shiseido, Japan's largest beauty company, the deal with CVC enables it to focus on its global prestige beauty business. Shiseido's personal care business operates primarily in Asia. The personal care business had sales of 160 billion yen or more than $1....

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