KOSÉ Corporation (Tokyo Stock Exchange Prime Market: 4922, hereafter referred to as "KOSÉ") announced on December 10, 2024, that it has signed a stock transfer agreement with PURI CO., LTD. (hereafter referred to as "PURI") and aims to make PURI a wholly owned subsidiary.
Purpose of M&A
KOSÉ has established the medium- to long-term vision "Vision for Lifelong Beauty Partner－Milestone2030," aspiring to become a company that enriches people's lives and the planet by adding beauty to every stage of life. Recently, with "Deprioritizing Exclusivity" as a key phrase, KOSÉ has been leveraging external resources to expand its brand portfolio and drive global business growth.
PURI is a company with strengths in products and luxurious spa services that support both physical and mental well-being, based on the concept of "Holistic Wellness."
By acquiring PURI's shares, KOSÉ aims to promote PURI's growth, expand its business portfolio, and strengthen the KOSÉ Group's presence in the ASEAN and Indian markets, thereby enhancing corporate value.
Acquisition Terms
Shares Acquired: 1,062,702 shares, with plans to acquire the remaining shares within 3-5 years.
Acquisition Price: Not disclosed due to confidentiality obligations between the parties.
Schedule
Agreement Signing Date: December 10, 2024
Share Transfer Execution Date: December 30, 2024 (scheduled)
