Shiseido to lose ‘several hundred million yen’ in Folli-Follie Greek share transfer

All shares of Greek subsidiary Shiseido Hellas have been sold

Credit: HK Tung Chung via Wikimedia Commons

Japanese beauty giant Shiseido has sold all shares of its Greek subsidiary Shiseido Hellas to jewellery business operator Folli-Follie – but expects to lose several hundred million yen as a result.

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