Henkel Nederland B.V. signed an agreement to acquire 80% stake in Asia-Pacific Hair Professional business of Shiseido from Shiseido Company, Limited (TSE:4911) on February 9, 2022. To support business growth through a strong partnership with Henkel, Shiseido Company, Limited will retain a 20 percent share in the legal entity in Japan. The transaction is subject regulatory approvals and customary closing conditions. Davis Polk & Wardwell LLP acted as legal advisor to Shiseido Company, Limited (TSE:4911).

Henkel Nederland B.V. completed the acquisition of Asia-Pacific Hair Professional business of Shiseido from Shiseido Company, Limited (TSE:4911) on July 4, 2022.