Japanese Shiseido Acquires US Cosmetics Company DDG for Approximately 580 Billion Won
Japanese cosmetics company Shiseido is acquiring the American company DDG Skincare Holdings, which owns the cosmetics brand 'Dr. Gross Skincare.'
![[Image source=Yonhap News]](http://www.asiae.co.kr/news/img_view.htm?img=2023122318185998667_1703323139.jpeg)
According to reports from Kyodo News and Nihon Keizai Shimbun on the 23rd (local time), the acquisition amount is $450 million (approximately 586.4 billion KRW), and Shiseido plans to acquire all shares of DDG Skincare Holdings through its local subsidiary in the U.S. between January and March next year.
Hot Picks Today
"Could I Also Receive 370 Billion Won?"... No Limit on 'Stock Manipulation Whistleblower Rewards' Starting the 26th
- Samsung Electronics Labor-Management Reach Agreement, General Strike Postponed... "Deficit-Business Unit Allocation Deferred for One Year"
- "From a 70 Million Won Loss to a 350 Million Won Profit with Samsung and SK hynix"... 'Stock Jackpot' Grandfather Gains Attention
- "Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
Shiseido explained, "This corporate acquisition is aimed at strengthening the premium skincare business and expanding growth potential in the Americas."
This content was produced with the assistance of AI translation services.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
