J&J moves to buy Japanese cosmetic products company | Inquirer Business

J&J moves to buy Japanese cosmetic products company

/ 07:59 PM October 23, 2018

In this July 30, 2013 photo, people walk along a corridor at the headquarters of Johnson & Johnson in New Brunswick, New Jersey. AP FILE PHOTO

NEW YORK — Johnson & Johnson is paying about $2 billion in cash for the outstanding stake of a Japanese cosmetics and skincare products company.

The New Brunswick, New Jersey, health care products company already owns about 20 percent of Ci:z Holdings Co.

Article continues after this advertisement

Johnson & Johnson said Tuesday that buying Ci:z gives it a stronger position by “leveraging one of the largest customer relationship management databases for direct-to-consumer skincare in Japan.” It also gives the company more distribution and expansion opportunities.

The buyout is expected to close in the first quarter of 2019. /kga

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

TAGS: Business, business news, buyout, Cosmetics, health care, international news, Johnson & Johnson, News, skincare, world, world news

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our newsletter!

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

© Copyright 1997-2024 INQUIRER.net | All Rights Reserved

This is an information message

We use cookies to enhance your experience. By continuing, you agree to our use of cookies. Learn more here.