Shiseido : Regarding Reports on Transfer of Shiseido Personal Care Business
January 21, 2021 at 08:20 pm
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Earlier today, there was a Bloomberg report stating that Shiseido Company, Limited (here was were media reports stating that Shiseido Company, Limited (the 'Company') would transfer its Personal Care business. Please be informed that no such information has been made public by the Company.
The Company is currently in discussions with CVC Asia Pacific Limited regarding a transfer of its Personal Care business, mainly operated globally in Asia (and operated by FT Shiseido Company, Limited in Japan) around the first half of this year and subsequent joint management of the business aimed at its further growth and development as a shareholder of the company which will operate the transferred business; however, no formal decisions have been made as of yet.
The Company has been promoting its 'Prestige First Strategy' and will continue to strengthen efforts in this core business with the aim of becoming a 'premium skin beauty company' utilizing digital technology and centered on the Prestige/Premium beauty area. We aim to be the world's No. 1 company in this area by 2030.
Meanwhile, our Personal Care business has long operated with leading brands in low-priced hair care, skincare, and body care, mainly for the mass market such as drug stores and mass retailers. In Japan, China, and other Asian countries and regions, the brands are widely known and supported by many consumers. However, in order to maximize the potential of the business and further grow the brands in this competitive market, we need to make concentrated investments in product development and advertising, and in order to build the new business model that makes this possible, we are investigating various cases including the above.
If a matter requiring disclosure arises, the Company will promptly announce such matter.
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Shiseido Co. Ltd. published this content on 22 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 January 2021 01:19:01 UTC
Shiseido Company, Limited specializes in the design, manufacturing and marketing of cosmetics. The group offers beauty products (including makeup items, coloring, etc. ; Shiseido, Aupr's, DQ, Za, Revital Granas, B?n?fique, Maquillage and Elixir), skin care products (skin creams, bath and shower gels, shampoos, etc. ; Aqua Label, Integrate, Tsubaki and Uno), perfumes (Issey Miyake, narciso Rodriguez, Elis Saab and Azzedine Ala?a) as well as professional products (Joico, Decl?or and Carita).
Net sales are distributed geographically as follows: Japan (32.9%), China (25.6%), Asia and Oceania (6.4%), Europe/Middle East/Africa (10.3%), Americas (9.9%) and other (14.9%).