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Australian self-tanning juggernaut Bondi Sands has actually been sold to a Japanese beauty giant in an offer rumoured to deserve $450 million.
Japan Exchange Group- noted Kao Corporation has a variety of worldwide high-end beauty brand names such as Oribe, Bior é, Laurier, Molton Brown as well as extra.
Wilson, that acts as chief executive officer as well as founder, will certainly stay at the helm of the business under the brand-new proprietors, while James will certainly proceed in his duty as imaginative supervisor.
It is wished Kao Corporation will certainly offer methods for additional development, with Wilson calling the offer an “unparalleled opportunity”.
“With this partnership, we can now confidently explore untapped markets, reach more customers around the world and continue to fulfil our company mission,” he claimed.
