The $1.5 billion deal with CVC Capital Partners was announced in February.
She is also offering an exclusive fashion collection of surf shirt, bikini, flip-flops and tote inspired by the floral bottle design.
The company also revised its guidance, raising its net profit forecast but lowering sales and operating forecasts.
The new company will be established in July to provide digital marketing and IT-related services to Shiseido.
The Japanese beauty giant said the move is in line with its “Win 2023 and Beyond” strategy.
The coronavirus pandemic has many beauty companies to consider divestitures.
The numbers, as they say, never lie. And this year, our annual ranking of the largest global beauty manufacturers by sales, tells a story of an industry — and world — rocked by the coronavirus pandemic.
Japan’s largest cosmetics company said it plans to return to the black with its current fiscal year.
The Japanese beauty giant aims to be the world’s largest prestige beauty seller by 2030.
Japan’s largest beauty company said the deal could take place around the first half of 2021.
Japan’s largest beauty company is reportedly in talks with CVC Capital Partners to divest its noncore holdings.