Japan's Kirin Holdings announced on Thursday that its bid for skincare brand Fancl was successful, defeating an overseas fund's bid, and will push the beer giant further into the healthcare sector.
Kirin said in a statement that Fancl will become its consolidated subsidiary on September 19 after the tender offer raised its shareholding ratio to just over 75%.
Fancl was founded in 1981 and is famous for its cleansing oils and nutritional supplements, mainly sold online and through catalogs.
