Shiseido Announces Agreement to Sell Zotos to Henkel
2017年10月27日 - 6:30AM
ビジネスワイヤ(英語)
Shiseido to Concentrate and Strengthen its
Professional Division in Asia
Positions Zotos to Pursue Next Phase of its
Long-Term Growth Strategy
Shiseido Company, Limited (Tokyo Stock Exchange, First Section:
4911), a leading global cosmetics company, today announced that it
has entered into a definitive agreement to sell its wholly-owned
subsidiary Zotos International Inc. (“Zotos”) to Henkel.
Shiseido has been promoting a selection and concentration
strategy in order to enhance its global brand portfolio as part of
its VISION 2020 strategy. As part of that strategy, Shiseido is
sharpening its focus on key categories and regions in order to
optimize its portfolio, and is focused on driving global growth
across its prestige beauty businesses while strengthening its
leadership in Asia in the mass cosmetics, personal care, and
professional categories. Shiseido’s Professional business plays an
important role in the company’s beauty portfolio, and Shiseido
plans to concentrate and boost its investment in the professional
market in Asia. Shiseido is confident that Zotos, which is based in
the U.S. and primarily focused on the North American market, will
be well-positioned for further growth opportunities as part of
Henkel’s global Beauty Care professional portfolio.
Masahiko Uotani, President and Group CEO of Shiseido Company,
Limited, said, “The Professional business has been a cornerstone of
Shiseido’s heritage since the company opened its first beauty salon
in Japan nearly a century ago, and we remain as committed and
focused as ever on cultivating and strengthening this key business
in the fast-growing Asian markets, including China and Asia Pacific
as well as Japan. Henkel’s offer to acquire Zotos provides a great
opportunity for our Professional group to concentrate its focus on
its core capabilities in Asia.”
Based in Darien, CT, Zotos manufactures and markets a full range
of award-winning hair care, texture service and hair color options
for salons and salon professionals worldwide, with a primary focus
in North America and a growing emphasis on the European market. Its
portfolio of brands includes Joico, AGEbeautiful, Biotera, Bain de
Terre and Senscience. The company’s product innovations and dynamic
beauty education have made it a trusted leader in professional
haircare for nearly 90 years.
Nancy Bernardini, President of Zotos, said, “Shiseido has been
an outstanding home for Zotos for almost three decades – as part of
Shiseido’s Professional Division, Zotos added even more layers of
innovation and artistry to its products and achieved significant
milestones, including becoming one of the fastest-growing mid-sized
companies in professional beauty. By joining Henkel, we will be
taking important steps for the future of our business, focusing on
strategic geographic markets that are key to our long-term success
while continually invigorating our brands as part of Henkel’s
highly complementary portfolio. We are excited to embark on this
new chapter.”
Shiseido will use the resources gained from this transaction to
further pursue its strategic objectives of continuing to nurture
its Prestige brands, reinforcing production capability and other
activities in order to implement its “New Strategy to Accelerate
Growth” in the next three years of VISION 2020.
Annual net sales for Zotos totaled $233 million in the fiscal
year ending 2016. The transaction is expected to close in December
2017, subject to the satisfaction of customary closing
conditions.
About Shiseido Company, Limited
Shiseido was founded in 1872 as the first Western-style pharmacy
in Japan. The business gradually evolved into a cosmetics company,
offering people the most advanced technology and the finest
aesthetics available in the East or the West. Now known globally as
the premier cosmetics company with roots in Japan, the name
Shiseido has come to represent the world’s highest standards of
quality. Shiseido’s global selection of skincare, makeup and
fragrance includes a high-performance category for special
skincare, and a brightening line. Shiseido offers products for
professional beauty salons and hairdressers, as well as body care,
suncare and a skincare line for men. Fiercely contemporary and
innovative after over 140 years in business, Shiseido group brands
are now sold in over 120 countries and regions. For more
information, please visit http://group.shiseido.com/.
About Zotos International Inc.
Zotos International Inc. is a fully integrated, global
professional haircare company with the mission of inspiring
stylists around the globe with the most innovative and
high-performing products, dynamic education and exceptional
customer service. Founded in 1932 and acquired by Shiseido Company,
Limited in 1988, Zotos manufactures and markets a full range of
hair care, texture service and hair color products for today’s
salons and salon professionals. The Company’s products include
shampoos, conditioners, treatments and styling products. Hair color
products consist of semi-permanent and permanent solutions and
developers. Hair texture products include perms, straighteners and
temporary straighteners, and are offered through a network of
professional beauty stores, retailers and fine salons around the
globe. The company’s brands include: Joico, VEROK-PAK Color,
Lumishine, IColor, ISO Options, AGEBeautiful, Bain de Terre,
Quantum and Vita E. For more information, please visit
https://www.zotos.com/.
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version on businesswire.com: http://www.businesswire.com/news/home/20171026006603/en/
Media:For Shiseido Americas:Shiseido
AmericasJadzia Zielinski Tirsch, 212-805-2357SVP, Corporate
Communicationsjtirsch@sac.shiseido.comorSard Verbinnen &
Co.Megan Bouchier, 415-618-8750orFor Shiseido’s Global
Professional Division:Shiseido Global Professional Business
DivisionKatharina Hoehne, 81-3-6218-7926Corporate Officer, Senior
Vice Presidentkatharina.hoehne@to.shiseido.co.jp