In Brands, Finance

LG Household & Health Care Ltd, South Korea’s top beauty and personal care brand, purchased a 100% stake in  Avon Japan for 10.5 billion yen ($96.3 million) through Ginza Stefany, a Japanese based wholly owned subsidiary. This marks its third acquisition in the Japanese market, having bought Ginza Stefany Cosmetics in 2012 and Everlife Co. in 2013.

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