On February 3, Shiseido officially announced that it will transfer its global personal care business to private equity fund CVC Asia Pacific Limited and its affiliates (hereinafter referred to as “CVC”) for 160 billion yen (about 9.8 billion yuan).
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L’Occitane’s US branch filed for bankruptcy, but it keeps double-digit growth in China
At present, there has been a sharp contrast between China’s domestic and foreign consumer markets. China’s consumer market is recovering strength. The current situation of consumer markets in many countries still affected by the pandemic is very worrying. The United…