Fancl’s range of beauty products on display in an outlet in Hong Kong. Photo: Sam Tsang Fancl’s range of beauty products on display in an outlet in Hong Kong. Photo: Sam Tsang
Fancl’s range of beauty products on display in an outlet in Hong Kong. Photo: Sam Tsang

exclusive | Blackstone, Carlyle to compete with Chinese bidders for Asian distributor of Fancl’s beauty products

  • Blackstone, Carlyle, Sequoia Capital China and Citic Capital submitted bids ahead of Friday’s deadline, according to people familiar with the plan
  • Range of bids narrows to roughly US$700 million to US$900 million, with Tencent and JD.com waiting to team up with auction winner

Topic |   Banking & Finance
Fancl’s range of beauty products on display in an outlet in Hong Kong. Photo: Sam Tsang Fancl’s range of beauty products on display in an outlet in Hong Kong. Photo: Sam Tsang
Fancl’s range of beauty products on display in an outlet in Hong Kong. Photo: Sam Tsang
READ FULL ARTICLE