By  on February 19, 2014

TOKYO—Shiseido Co. Ltd. said Thursday it has agreed to sell its Carita and Decléor brands to L’Oréal for a total of 227.5 million euros, or $312.93 million at current exchange rates.

Back in October, Shiseido said it had entered talks with the French beauty giant to sell the two brands as it narrows its brand portfolio.

 

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