19 Jun 2024 --- Kirin Holdings wants to buy the remaining shares of Japanese cosmetics company Fancl Corporation in a deal worth about ¥220 billion (US$1.4 billion). By turning Fancl into a wholly-owned subsidiary, Kirin hopes to boost its health science business and strengthen its global operating base, particularly in the Asia-Pacific region. Kirin acquired approximately 33% of Fancl’s stock in 2019. The brewer also grew its Health Science business with the acquisition of Australian vitamins company Blackmores last year, in a deal worth about A$1.88 billion (US$1.24 billion).
