The skincare product maker has agreed to pay $36.2m to acquire the customisable beauty supplement provider, having backed the company in 2019.
Cosmetics maker Pola Orbis has agreed to acquire a portfolio company, Japan-based beauty supplement producer Tricot, for ¥3.8bn ($36.2m).
Pola Orbis currently holds a 10.56% stake in Tricot, and the transaction will involve it getting 59.83% from company CEO Kana Hanabusa, 20% from venture capital firm XTech Ventures and 9.61% from three unnamed individuals.
Founded in 2018, Tricot runs Fujimi, a personalised beauty care service that selects cosmetics products tailored to each customer. The company launched its first batch of…
