Company News, Financial News

Amorepacific Increases Its Stake in Cosrx Skincare Brand

Beauty giant now owns 93.2% of this rapidly-growing brand.

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By: Christine Esposito

Editor-in-Chief

Amorepacific has acquired additional shares of Cosrx. The fast-growing skincare brand will become a subsidiary of Amorepacific. In the deal, Amorepacific has acquired the 288,000 remaining shares held by Cosrx's largest shareholder and related parties for 755.1 billion won. Amorepacific had previously acquired 38.4% of the skin care company's sales in 2021. At that time, it was granted a call option to purchase the remaining shares, which it has now decided to exercise. With t...

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