parks & Johnson will acquire the remaining shares it does n't already own in Japanese cosmetics company Ci : z for JPY230bn ( $ 5000 ) , it launched on 23 October . The transaction continues as international firms look to focus on a global cosmetics market in Asia , including the Chinese market , worth $ 53.5bn . L'Oreal agreed to acquire South Korean make - up and fashion company Nanda in May , Unilever branded cosmetics company brands Korea last year , and LVMH and Estee Lauder have invested in South Korean cosmetics .
Johnson & Johnson will acquire the remaining shares it doesn't already own in Japanese cosmetics company Ci:z for JPY230bn ($2.04bn), it announced on 23 October. The transaction comes as international firms look to capitalise on a growing cosmetics market in Asia, including the Chinese market, worth $53.5bn. L'Oreal agreed to acquire South Korean make-up and fashion company Nanda in May, Unilever bought cosmetics company Carver Korea last year, and LVMH and Estee Lauder have invested in South Korean cosmetics.