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.


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

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

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.