Tokyo, Feb. 2 (Jiji Press)–U.S. investment fund Bain Capital said Monday that it will acquire FineToday Holdings Co., known for selling the Tsubaki hair care brand, formerly owned by major Japanese cosmetics maker Shiseido Co. The actual price of the acquisition from British investment fund CVC Capital Partners was undisclosed, but it is believed to be around 200 billion yen. FineToday was established in 2021, based on the daily goods business sold by Shiseido to CVC Capital. It also sells products of the Senka skincare brand and the UNO men’s skincare, makeup and hair styling brand. The company was approved to be listed on the Tokyo Stock Exchange’s top-tier Prime section in 2024 and the Standard section in 2025, but the move was postponed both times. With some 40 pct of FineToday’s sales revenue earned in China and Hong Kong, the recent deterioration in relations between Japan and China has been a major management risk. Under Bain Capital, the company aims to expand its markets in Southeast Asia to lower its dependence on the Chinese market. END [Copyright The Jiji Press, Ltd.]
Bain Capital to Acquire Japan’s FineToday Holdings
Related Posts
“Dark Horse” Japan Heading into World Cup with “Strongest” Squad
Tokyo, May 16 (Jiji Press)–The Japanese men’s soccer team, nicknamed Samurai Blue, is heading into this year’s World Cup with global recognition as a possible dark horse, after team manager Hajime Moriyasu announced what is believed to be its strongest-ever squad. The
India, Modi appeals to population, ‘reduce foreign travel and gold purchases’
(Adnkronos) – Indian Prime Minister Narendra Modi has appealed to citizens to reduce consumption and curb non-essential spending, as economic pressure mounts due to rising energy prices and international tensions over the war in Iran. The statements, made in Hyderabad, in which
