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Nagashima Ohno & Tsunematsu is advising Japan’s Kirin Holdings on its 220.7 billion yen ($1.4 billion) offer to acquire the rest of skincare brand Fancl Corp, which is being represented by Uryu & Itoga.

Mori Hamada & Matsumoto is advising a special committee established by Fancl, known for its skin cleansing oils and nutritional supplements, to review the offer.

The deal comes as Kirin continues to pivot toward the health and wellness businesses, said Reuters, adding that facing a shrinking domestic market and falling beer consumption among younger people, Japan’s legacy breweries are under pressure to expand overseas or into new markets.

Last year, Kirin bought out Australian vitamin maker Blackmores for $1.2 billion.

 

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