Shiseido completes Bare Escentuals acquisition

Published: 11-Mar-2010

Shiseido has confirmed completion of the acquisition of the US minerals-based cosmetics company Bare Escentuals.


Shiseido has confirmed completion of its $1.7bn operation to acquire the US minerals-based cosmetics company Bare Escentuals of San Francisco. The bid offer closed on 9 March with Shiseido in possession of 86.9% of the equity, after offering a price of $18.20 per share.

The San Francisco company has a network of some 800 shops and 1500 salons with about 85% of sales derived from the American market. The acquisition by Shiseido is being funded through bank credits of about $1.3bn together with funds from its own reserves.

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