Kanebo gives up deal with Kao, seeks IRCJ help

TOKYO, Japan - Takashi Hoashi, president of Kanebo Ltd., Japan's second-biggest cosmetics maker, announces at a Tokyo hotel on Feb. 16 that the firm has given up an earlier plan to sell its cosmetics operations to Kao Corp., and instead will seek assistance from the Industrial Revitalization Corp. of Japan (IRCJ) in transforming the operations into a subsidiary to help rebuild its entire business.

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2004/2/16 00:00:00

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Kyodo / Kyodo News Images

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2004 Kyodo News

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