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Shiseido buys skin care brand Drunk Elephant for $845 million

(Bloomberg)—Shiseido Co. agreed to buy skin care brand Drunk Elephant for $845 million as the Japanese beauty company seeks to appeal to younger consumers in the U.S. The deal for Drunk Elephant Holdings LLC won’t have a significant impact on full-year earnings, Shiseido said in a statement Tuesday. It will be financed with a combination […]

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