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LG’s Household & Health Care Arm Acquires Avon Japan

April 30, 2018: 12:00 AM EST
Ginza Stefany, a Japanese subsidiary of LG’s Household & Health Care (LG H&H) business, has agreed to acquire Avon’s Japanese operation, Avon Japan for 10.5 billion yen (approximately US$96 million). Direct-seller Avon Japan was established 50 years ago and is ranked 21st in the country in terms of retail sales. LG H&H, which has built its Japanese operation with two local acquisitions, Ginza Stefany Cosmetics in 2012 and Everlife in 2013, has been developing its business presence in Japan, which Euromonitor International estimates is the third largest beauty and personal care market in the world, with 2017 sales of US$ 36.1 billion.[Image Credit: © Stefany]
Natasha Spencer , "LG H&H acquires Avon Japan", Cosmetics Design Asia, April 30, 2018, © William Reed Business Media
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