Shinsegae International Acquires Amuse for 71.3 Billion Won… “Expanding Cosmetics Business”
(Seoul = Yonhap Infomax) Reporter Pil-Joong Jeong = Shinsegae International announced on the 2nd that it will acquire Amuse, famous for its 'Jang Won-young Tint', for 71.3 billion won. The largest shareholder of Amuse is Snow, a subsidiary of Naver, which owns 77.59% of the total.
Shinsegae International announced, "We are expanding our domestic and overseas cosmetics business by expanding our portfolio." Amuse is a beauty brand with various hit products, including Gel Fit Tint, known as 'Jang Won-young Tint.'
As of the end of last year, Amuse's sales and operating profit were 36.7 billion won and 1.7 billion won, respectively.
Source: Yonhap Infomax ( https://news.einfomax.co.kr )