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Japan: Kosé cosmetics reaches outside Asia for growth

 |  March 19, 2014

Japan-based cosmetics conglomerate Kosé is expanding its portfolio outside of Asia with a recently-announced acquisition of a New York competitor, say reports.

Kosé will acquire cosmetics group Tarte, the first merger of the Japanese firm that expands the company outside the ASEAN nations. In a statement, the company said the deal “gives Kosé a new source of growth outside Japan.”

The deal remains subject to regulatory approval in the US; financial details of the transaction were not disclosed.

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