By  on August 29, 2007

Japanese cosmetics giant Shiseido Co. Ltd. said Tuesday it has agreed to sell its Zirh men's skin care brand to a group of investors led by former Zirh president and owner Brian Robinson.

While terms of the deal were not disclosed, industry sources estimated the purchase price could reach between $25 million and $50 million. Sources estimate the Zirh brand does $25 million in retail sales annually worldwide.

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