Shiseido : Notice of Merger between Consolidated Subsidiaries
January 13, 2017 at 09:15 am
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（Translation）
Dear Sirs and Madams,
January 13, 2017
Name of Company:
Shiseido Company, Limited
Name of Representative:
Masahiko Uotani President and CEO (Representative Director)
(Code No. 4911; The First Section of the Tokyo Stock Exchange)
Contact:
Tetsuaki Shiraiwa Department Director
Investor Relations Department
(Tel: +81 3 3572 5111)
Notice of Merger between Consolidated Subsidiaries
It is hereby notified that the subsidiaries of Shiseido Company, Limited (the "Company") Shiseido Americas Corporation ("SAC"), the Americas regional headquarters of the Company and Gurwitch Products, LLC ("Gurwitch") carried out an absorption-type merger, with SAC as the surviving company, as described below.
Please note that, since the merger is between the subsidiaries and all of the voting rights are directly and indirectly owned by the Company, some disclosure items and content have been omitted.
Purpose of the merger
In July 2016, the Company acquired Gurwitch via SAC, which owns the prestige brands, Laura Mercier® and RéVive® . By merging Gurwitch into SAC and unifying the business management system, the Company will aim to utilize management resources more effectively and thereby strengthen the brand management as well as enhance efficiency in marketing and operations.
Main points of the merger
Schedule
Date of the merger (effective date): December 31, 2016
Method of the merger
This absorption-type merger involves SAC, the surviving company, absorbing Gurwitch, the non-surviving company.
Overview of the companies involved in the merger (As of December 31, 2016)
Surviving company
Non-surviving company
Trade name
Shiseido Americas Corporation
Gurwitch Products, LLC
Main business lines
Holding company and sale of
Cosmetics, etc. in Americas
Distribution of cosmetics under the
brand Laura Mercier® and RéVive®
Establishment
1965
1995
Location
Delaware, U.S.A.
Delaware, U.S.A.
Representative's name
Marc Rey
Marc Rey
Shareholder composition
Shiseido Company, Limited: 100%
Shiseido Americas Corporation:100%
Future outlook
Since the merger is between the subsidiaries and all of the voting rights are directly and indirectly owned by the Company, the impact on the performance of Company will not be material.
- End of News Release -
Shiseido Co. Ltd. published this content on 13 January 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 13 January 2017 09:15:02 UTC.
Original documenthttp://www.shiseidogroup.com/ir/pdf/ir20170113_321.pdf?fk=r00001
Public permalinkhttp://www.publicnow.com/view/022300C112D8AC7CBA7DC7316372BD963FF85AC5
Shiseido Company, Limited specializes in the design, manufacturing and marketing of cosmetics. The group offers beauty products (including makeup items, coloring, etc. ; Shiseido, Aupr's, DQ, Za, Revital Granas, B?n?fique, Maquillage and Elixir), skin care products (skin creams, bath and shower gels, shampoos, etc. ; Aqua Label, Integrate, Tsubaki and Uno), perfumes (Issey Miyake, narciso Rodriguez, Elis Saab and Azzedine Ala?a) as well as professional products (Joico, Decl?or and Carita).
Net sales are distributed geographically as follows: Japan (32.9%), China (25.6%), Asia and Oceania (6.4%), Europe/Middle East/Africa (10.3%), Americas (9.9%) and other (14.9%).
SHISEIDO COMPANY, LIMITED 
