Shiseido sets up joint venture in the Philippines with Luxasia

Shiseido Asia Pacific will own a majority stake in the joint venture, which will start operating in July 2019

Japanese group Shiseido is to establish a joint venture in the Philippines to strengthen its cosmetics business there.

Dubbed Shiseido Philippines Corporation, the joint venture will be set up by the group’s wholly owned subsidiary Shiseido Asia Pacific and Singapore-headquartered...

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