Amorepacific is selling a 60 percent stake in its wholly owned packaging subsidiary to a French firm Autajon, more information on the value of the sale has yet to be released. Through this deal, Amorepacific is looking to strengthen its ties with Autajon Group, aiming to “elevate our partnership with Autajon Group and provide new growth momentum for our affiliate, as we expect to find additional clients through our French partner.”
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Autajon Group provides packaging and labels for cosmetics and perfume brands such as Chanel, Christian Dior, and Chloe. A memorandum of understanding between the two companies has been in place since 2015 in exchange of technology and expertise.