Kanebo Cosmetics inaugurated to face harsh competition

TOKYO, Japan - Kunihiko Yogo, who will assume the posts of Kanebo Cosmetics Inc.'s chairman and chief executive officer, and Keiji Chishiki, who assumed the presidency of the company, shake hands at the start of the new company on May 7 as a spinoff from ailing cosmetics maker Kanebo Ltd. for which the state-run Industrial Revitalization Corp. of Japan came to the rescue in March. Yogo is currently executive officer of IRCJ.

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