KOSÉ Corporation (TSE:4922) entered into a share transfer agreement to acquire 79.89% stake in Puri Company Limited from KUMANO Limited on December 10, 2024. As part of the agreement, KOSÉ Corporation will acquire 1.1 million shares in Puri Company Limited and will acquire the remaining shares over the period of next 3-5 years. For the period ending December 31, 2023, Puri Company Limited reported total revenue of THB 580 million, operating profit of approximately THB 110 million, total assets of approximately THB 410 million and net assets of approximately THB 170 million.
The transaction is expected to close on December 30, 2024.
KOSE Corporation is a Japan-based company principally engaged in the manufacture and sale of cosmetic products. The Company operates in two business segments. Make-up segment is engaged in the manufacture and sale of products under the brands of KOSE, Sekkisei, ESPRIQUE, COSME DECORTE, Predia, INFINITY, JILLSTUART, ADDICTION, CLIE, ALBION, tarte, among others. Cosmetry segment is engaged in the manufacture and sale of products under the brands of Visee, Fasio, ELSIA, softymo, SUNCUT, CLEAR TURN, Stephen Knoll New York, Nature & Co, among others. The Company is also involved in the manufacture and sale of amenity products, the leasing of real estate properties, the manufacture and export of materials, as well as the original equipment manufacturing (OEM) business.
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