TOKYO — Japan’s Kosé Corp. said Monday it is buying a 93.5 percent stake in New York-based Tarte Cosmetics for $135 million, giving the Japanese company a foothold in the U.S. market.
Kosé is buying out Encore Consumer Capital’s entire stake in the American beauty firm, a mainstay on QVC, as well as most of Tarte founder Maureen Kelly’s shares. Kosé said Tarte’s existing management will remain in place. Encore Consumer Capital is a San Francisco-based private equity investment firm focused on the consumer products industry.
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