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LVMH Group, the world's largest luxury group, which operates the global beauty store Sephora, has joined a preliminary takeover bid to acquire a controlling stake of Able C&C, the operator of cosmetics brand Missha, according to media reports and sources.
Able C&C, which owns Korea's representative road-shop cosmetics brand Missha, is finally up for sale in the M&A market, five years after IMM Private Equity (IMM PE) purchased a controlling stake in the firm for about 400 billion won ($287 million). While Credit Suisse has been tapped to manage the sales process, the selling price is estimated to be less than half of what IMM PE paid to acquire it, given that the market cap of Able C&C stands at around 171.3 billion won as of Friday.
BB Cream Market Elaborate Analysis With Missha US, Revlon, Christian Dior SE, AMOREPACIFIC CORPORATION
Home instead senior care. apply today. police in miami-dade county are tweeting tonight about new activity at that miami-area mail facility. these are aerial images from our affiliate wplg. the tweet reads, our bomb squad and canine unit are providing assistance at our federal partners at the opa-locka mail facility as part of the ongoing investigation into suspicious packages located in other jurisdictions. this assistance is a precautionary measure. joining me again, michael o'neil, phil mudd and aissha rangap rangappa. just in terms of where -- i mean, with your expertise as you look at w...