Sources: The Shiseido-OSEA Deal Is No More [Yahoo! Finance]
SHISEIDO CO LTD S/ADR (SSDOY)
NASDAQ:AMEX Investor Relations:
shiseidogroup.com/ir
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Source: Yahoo! Finance
As previously reported by WWD in July, Shiseido was said to be pursuing skin care brand OSEA and was close to signing a deal, although neither party commented publicly on the matter. More from WWD Noble Panacea's New Launch Has Eyes on the Prize How SkinSpirit Became a Leading Med Spa Clinic The Ordinary, Tarte Cosmetics Among Top 10 Beauty Brands by TikTok Shop Sales This Year OSEA, which was founded by mother and daughter Jenefer and Melissa Palmer in 1996, derives its name — an acronym for ocean, sun, earth and atmosphere — from the seaweed blend and other botanicals it incorporates into its products. Shiseido executives believed it would be a good addition to its portfolio that is these days more focused on skin care, multiple sources told WWD. After all, sources pegged the brand's net sales at around $100 million annually, about an even split between retail and the brand's website. It is available at Ulta Beauty , in addition to Nordstrom and smaller specialty retail
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