In Trends

Shiseido and YA-MAN sign joint venture agreement

YA-MAAN

Shiseido Company, Limited signed an agreement with YA-MAN LTD. in August 2020 to establish joint venture company EFFECTIM Co., Ltd.

SEE ALSO : Shiseido to open Beauty Square in Japan

The new company is planned to start operation in October 2020. The investment ratio will be 65% for Shiseido and 35% for YA-MAN.

Shiseido places importance on the creation of open innovation to establish innovative business models by combining the expertise of Shiseido with business partners as one of its key business strategies in striving to be a global winner with its heritage through the medium-to-long-term strategy VISION 2020 (2014-2020).

This time, Shiseido will provide new beauty value through the combination of Shiseido’s strengths cultivated in the cosmetics business, such as skincare, with YA-MAN’s expertise in the beauty device business and high recognition among Chinese consumers.

SEE ALSO : Shiseido expands market to Sri Lanka

In this business, Shiseido will initially focus on the Chinese market and develop cross-border business targeting Chinese consumers who are interested in anti-aging and beauty devices. Brands and products of Japanese origin with “Made in Japan” proven safety and quality will be created by applying both YA-MAN’s highly advanced beauty device technology and Shiseido’s cutting-edge skin science technology, and they are planned to be launched in Japan and China in 2021.

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