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November 15, 2005
By: TOM BRANNA
Editor
JAPAN: Now that the proposed sale of its cosmetics division to Kao is kaput, Kanebo has received at least $4.7 million in assistance from the Industrial Revitalization Corp. of Japan (IRCJ) to restructure operations and bolster its sundries, health care and food businesses. Reports suggest Kanebo will put its cosmetics operations back on the selling block by early May. The IRCJ will then provide capital to this firm and solicit capital from investment funds. Kanebo has also secured a $455 millio...
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