February 20, 2014 / 2:50 AM / 4 years ago

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

TOKYO, Feb 20 (Reuters) - Japan’s Shiseido Co Ltd said on Thursday that it has signed a deal to sell skincare brands Decleor and Carita to L‘Oreal SA 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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