THE BUSINESS OF BEAUTY!

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Bloomberg announced on Friday that Japanese personal care company, Shiseido Co., will purchase U.S.-based Gurwitch Products LLC from Alticor Inc.  Founded in 1872 as Japan’s first Western-style pharmacy, Shiseido is one of the world’s oldest companies.  In addition its namesake luxury skincare brand, The Shiseido Group presently controls 97 subsidiaries in the prestige, cosmetics, personal care, digital, healthcare, education and retail spaces, including Clé de Peau Beauté, bareMinerals, Nars, Benefique, Joico, and Elixir.  The acquisition, led by the company’s American unit, will be financed with existing cash and loans, according to Shiseido.  The transaction will add Laura Mercier and ReVive, to help grow the company’s overseas presence in the luxury and anti-aging products market, helping it reach its target of more than 1 trillion yen ($9.2 billion) in 2020

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