Shinsegae, in partnership with Ascent Equity Partners, is reportedly acquiring color cosmetics manufacturer C&C International. The move would build the South Korean retailer’s production presence across the global cosmetics industry. The partnership is said to buy 20% of C&C International, valued at ₩285 billion (US$208 million). C&C International supplies color cosmetics to over 100 clients globally, including L’Oréal affiliate Stylenanda, Amorepacific, and Clio cosmetics.
