Koa acquiring Kanebo

Yesterday issue of The Star reported that Kao plan to pursue a takeover bid of Kanebo Cosmetics Inc. This has proved my comment on 20 August 2005 accurate.

The report stated that L'Oreal SA, the world's biggest cosmetics company, Johnson & Johnson and Japanese cosmetics maker Kose Corp may make competing bids.Buying Kanebo would almost quadruple Kao's sales of make-up and help the Tokyo-based company challenge Shiseido Co, the leader in Japan's US$12.4bil cosmetics market.

Few days ago, COSMETICS Resources Sdn Bhd, Kanebo’s authorised agent in Malaysia, announced on The Star that the company is setting up five more Kanebo international salons in Kuala Lumpur, Johor Baru and Kuching by the end of next year.


Technorati Tag: Cosmetic : Beauty

Kanebo delisted by Tokyo Stock Exchange

Kanebo Ltd, a textile company which aggressively venture into cosmetic and skin care product, involve in one of the Japan's biggest accounting fraud involving a non-financial firm.

Oriental Daily has reported that Tokyo Stock Exchange has started a delisting procedure against the company.

Sin Chew Daily yesterday reported than Japan government has start prosecuting executive involve in such scandal.

Industry player like Koa From Japan, Loreal from France, KOSE from Japan, P&G, Relvon and Johnson and Johnsom from US, are reported have been submitted a bit to acquired Kanebo.

Other than industry player. Financial Institution like Goldman Sachs, Investment Bankers from Japan and a few Private Equity Investment Fund also interested in Kanebo


Tag: Cosmetic : Beauty