Shiseido to sell mass personal care business to CVC for $1.52bn

Shiseido president and ceo Masahiko Uotani

Shiseido is to sell its mass personal-care business to private-equity company CVC Capital Partners for ¥160bn ($1.52bn), as the group looks to focus on its prestige brands.

The personal-care business includes the brands Tsubaki, Senka, uno, Ag Deo 24, Super...

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