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L'Oréal in exclusive talks to buy two businesses from Shiseido

8:26 AM MDT | October 21, 2013 | Natasha Alperowicz

Shiseido (Tokyo), a leading cosmetics player, says it is in exclusive talks with L’Oreal to sell its Carita International (Paris) and Laboratories Decléor (Paris) activities specializing in skin-care, body-care, hair-care treatments, and products for about €230 million ($314.6 million), subject to closing adjustments. Shiseido and L’Oreal are currently negotiating the terms and conditions of the sale. Shiseido has commenced consultations with employee representatives of the relevant companies in accordance with the French labor law, the...

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