Japanese cosmetic giant Shiseido Company has announced the decision to sell its low-cost personal care business to CVC Capital Partners in a deal worth 160 billion yen ($1.5bn) in order to focus on its more high-end cosmetic brands.
Economic recession seems to have had little impact on the French
cosmetics and toiletries market. Sales in the country - valued at
almost €11 billion - rose by 5 per cent in 2003, the same annual
growth rate experienced for the past...