IHS Chemical Week

Shiseido sells two cosmetics businesses to L'Oreal

11:06 AM MST | February 21, 2014

Shiseido (Tokyo), a leading cosmetics player, has agreed to sell its Carita International (Paris) and Decléor Group (Paris) activities to fellow beauty giant L'Oréal (Clichy, France) for €227.5 million ($311.8 million), after the two companies began exclusive talks last year. L'Oréal already owns major brands that include Lancôme, Maybelline, Essie, Garnier and Shu Uemura, as well as the beauty divisions of Giorgio Armani and Yves Saint Laurent, whilst Shiseido owns Nars, Clé de Peau and Joico. Shiseido plans to focus on its Shiseido Professional and Joico...

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