Goldman Sachs, Bain to buy majority stake in cosmetics firm Carver Korea
Acquisition comes as Korean Wave of culture exports boost overseas demand for beauty products
Seoul
GOLDMAN Sachs Group Inc and Bain Capital Private Equity will acquire a majority stake in unlisted cosmetics maker Carver Korea Co Ltd, seeking to tap into the growing popularity of South Korean beauty products in markets such as China.
The companies said in a joint release that Carver Korea founder and chairman Lee Sang Rok, who held a 60.2 per cent stake in the firm at end-2015, will retain …
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
Gazelle Ventures makes cash offer for No Signboard shares at S$0.0021 apiece
Marina Bay Sands Q1 profit surges 51.5% to US$597 million on tourism boom
Swiss watch exports plunge as China and Hong Kong demand dries up
Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO
Billionaires selling cheap stuff get richer from inflation pain
Amazon to push cashierless shopping tech into more third-party stores, while backing off itself