TOKYO -- Japanese cosmetics maker Shiseido plans to sell a portion of its business, including hair care products, to European private-equity fund CVC Capital Partners for possibly more than 100 billion yen ($965 million), Nikkei has learned.
Business deals
Shiseido to sell daily necessities unit as it hones cosmetics focus
Sale of shampoo and hair care brands to private equity fund carries $965m price
Shiseido aims to sell less-profitable businesses as more people stay at home due to the pandemic. © Reuters
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