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Why Japanese Beauty Giants Are Buying Up Global Brands

Why Japanese Beauty Giants Are Buying Up Global Brands

Though sun care is a mature industry in Japan, the category hasn’t performed all too well in recent years. According to Mintel, the country’s market for sunscreens, self-tanners and after sun products decreased in value by 12.7 percent in 2022, compared to a surge in other markets, such as the UK, which registered 20.4 percent growth.

Given such figures, it may come as a surprise that Tokyo-based beauty conglomerate Kao Corporation in…


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