SHISEIDO CO. TO TRANSFER ITS PERSONAL CARE PRODUCTS BUSINESS TO CVC

Highlights –

• Shiseido Co. to sell its personal care products to the European CVC fund.
• It will sell the products business for $1.5 billion.
• The Japanese beauty company will acquire a 35 percent stake in the new company.
• Shiseido is expected to report its full-year earnings next Tuesday.

Japan’s beauty giant, Shiseido Co. on Wednesday announced tha....