Franck Marilly (ex-Chanel Managing Director) will take up the position of President and CEO of Shiseido Group Europe, the Middle East and Africa (EMEA) as of January 1, 2018, taking over from Louis Desazars.
Private equity firm Tengram Capital has announced it will acquire luxury skincare brand ReVive from Shiseido Americas Corporation and will bring on two key execs from its former Laura Geller New York team.
Shiseido Americas Corporation announced it has acquired Giaran, Inc., a data company known for its artificial intelligence platforms. Shiseido Americas will use the technology to personalize its consumer experience.
Shiseido said on Wednesday it expects both full-year net sales and operating income to exceed previous forecasts and reach record highs, resulting from the profit of its sale of Zotos to Henkel for $485 million.