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Shiseido signs deal to sell two skincare brands to L'Oreal
February 20, 2014 / 2:55 AM / 4 years ago

Shiseido signs deal to sell two skincare brands to L'Oreal

The logo of French cosmetics group L'Oreal is seen on the company's building in Clichy, near Paris February 11, 2014. REUTERS/Benoit Tessier

TOKYO (Reuters) - Japan’s Shiseido Co Ltd (4911.T) said on Thursday that it has signed a deal to sell skincare brands Decleor and Carita to L‘Oreal SA (OREP.PA) for about 230 million euros ($316.3 million).

The two companies had been in exclusive talks for the transaction since last October.

($1 = 0.7271 euros)

Reporting by Dominic Lau; Editing by Chang-Ran Kim

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