Japanese firm takes acquisition route to VN beauty market

bizhub

Japan-based Takara Belmont said it has acquired Vietnamese producer of hair care products, Ngu A Chau, for VND181 billion (US$8 million).

Japan-based Takara Belmont said it has acquired Vietnamese producer of hair care products, Ngu A Chau. — Photo Hoang Nam

Japan-based Takara Belmont said it has acquired Vietnamese producer of hair care products, Ngu A Chau, for VND181 billion (US$8 million).

Takara Belmont is the world leader in salon and spa design and salon and dental equipment manufacture, while Ngu A Chau has a plant and a large distribution network for its KANAC and other brands of hair care, hand wash and other products.

Takara Belmont came to Viet Nam in 2013 and set up a medical equipment production plant at the Long Duc Industrial Park in the southern province of Long An.

“By acquiring Ngu A Chau Ltd Co, Takara Belmont enters the beauty market in Viet Nam,” Hidetaka Yoshikawa, the latter’s president and CEO, said. — VNS

  • Share:

see also

Market cautious as liquidity drops significantly

Market cautious as liquidity drops significantly

On the Hồ Chí Minh Stock Exchange (HoSE), the VN-Index closed at 1,272.87 points, down 1.17 points or 0.09 per cent. Market breadth remained negative, with 171 declining stocks, 149 advancing and 49 unchanged. Liquidity saw a sharp decline to...
Việt Nams aviation industry soars towards growth

Việt Nam's aviation industry soars towards growth

Vietnamese airlines are proactively gearing up, expanding their fleets and launching early ticket sales for the Lunar New Year to cater for the rising demand.
Blue chips drive strong market rally, VN-Index surpasses 1,270 points

Blue chips drive strong market rally, VN-Index surpasses 1,270 points

The VN30-Index, which represents the 30 largest stocks by market capitalisation on the HoSE, soared by 19.21 points, or 1.45 per cent, to settle at 1,342.48 points. Remarkably, all 30 stocks in the VN30 basket closed in positive territory.
Finance ministry announces five credit rating enterprises

Finance ministry announces five credit rating enterprises

One more company has been granted the certificate of eligibility since August.
Market mixed as foreign bloc restarts net buying

Market mixed as foreign bloc restarts net buying

Market breadth remained negative, with 184 stocks declining, 143 advancing and 44 unchanged. Liquidity surged to VNĐ15.9 trillion (approximately US$624.35 million), marking a 29.2 per cent increase compared to the previous session.