(NHK)
Japanese cosmetics giant Shiseido is shedding some of its popular brands to focus on the luxury market. The firm will sell off its shampoo and affordable skincare unit to a foreign investment fund for about 1.5 billion dollars.
The range includes key brands such as “Tsubaki” and “Uno”. It has a history of around 60 years. Executives say they now aim to focus on high-end cosmetics to boost earnings.
