Japan's largest cosmetic company, Shiseido, is set to acquire the American make-up company Bare Escentuals Inc. (products pictured) for $1.7 billion, marking the largest acquisition in its 83-year history.
It goes to show you the price companies are willing to pay to boost and capture a market.
Read all about it here.
To expand your reach, what's your global acquisition target in 2010?
Showing posts with label Japan. Show all posts
Showing posts with label Japan. Show all posts
How a Foreign Company Can Gain a Bit More Presence in the American Market
Wednesday, January 20, 2010
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Not all companies are performing poorly in Japan.
Take a look at these:
Toyo Suisan Kaisha -- Japanese site (profile snapshot)
Nitori (Japanese site) -- Reuters stock quote
Fast Retailing (parent of Uniqlo)
Ryohin Keikaku (parent of Muji -- pictured is a Muji house)
Find out why (value is a large part of it) a select few, such as those noted above, are doing better than others at The Economist, "Winner's In Japan's Recession: Gloom and boom."
In a bid to raise its international profile, Tokyo has appointed three young women as cultural envoys because they represent Japan's long-running craze for all things cute.
Does that mean Hello Kitty (pictured above) is history? Let's hope not.
Read more here.
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Considered the world's leader in luxury goods, LVMH Moët Hennessy Louis Vuitton SA, canceled plans to rent a 10-story building in central Tokyo for a new flagship store. It shows how the global economic downturn has hit Japan, one of the most important markets for the luxury-goods industry.
What struck me is this:
Emerging markets make up about 15% of the luxury-goods sector's overall sales and had in some places been reporting double-digit growth. But as the global financial crisis has knocked down Chinese and Russian stock and property markets, wealthy consumers are under pressure to cut spending.Who would think that emerging markets would be snatching up expensive luxury goods?Japan, meanwhile, makes up 12% of the luxury sector's global sales of €175 billion ($240 billion), according to a Bain & Co. study released last month. But the Bain study said Japan's luxury sales are expected to decline 7% in 2008, after a 2% decline in 2007. LVMH reported that in the first nine months of 2008 Japan sales were down 7%, as its world-wide sales grew 4.5% in the period to €11.6 billion.
Read the entire article here.