BEAUTYTALK
Billion-dollar Valued FANCL Asian Business to Seek Buyers
BY Ye ChenDec 18, 2020
More than ten parties, including Blackstone and Chinese online retailer JD.com, bid for CMC Holdings, the sole distributor of FANCL’s skincare products in Asia outside Japan recently. FANCL is a strong brand in the no-added skincare and nutritional supplements market. Still, its online business is falling behind in China, making JD.com the most suitable potential partner in this bid.
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According to Reuters [1], more than ten parties, including Blackstone and Chinese online retailer JD.com, bid for CMC Holdings, the sole distributor of FANCL’s skincare products in Asia outside Japan recently. In early November, Bloomberg also reported that Hillhouse Capital and Dosun were also considering acquiring the FANCL business. Hillhouse was preparing to make a joint quotation with Yatsen Global, the parent company of Perfect Diary. [2]

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Ye Chen
ChemLinked Research Analyst
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