Shiseido targeting US tech startups in beauty-related apps, health information data analysis
Shiseido Company [TYO:4911] is looking to take minority stakes in US startups engaged in beauty-related simulation apps and health information data analysis, the Nikkei Sangyo Shimbun reported.
The Japanese-language report cited Shiseido President and CEO Masahiko Uotani, who said during an interview that the chief growth officer at a special M&A unit set up at its New York headquarters will from January begin gathering information on tech startups, adding that companies engaged in beauty-related simulation apps and health information data analysis look promising. He added that there is a possibility the company could also take minority stakes in new brands having remarkable growth.
No specific targets were revealed in the report.
Shiseido has a market capitalization of JPY 2.606trn (USD 24bn).