MarketWatch (Wall Street Journal/Dow Jones News
Service)
1/15/2010
In discussing Shiseido's acquisition
of Bare Escentuals, Ken Wasik, managing director in consumer
products/services with boutique investment firm Stephens, state
that Shiseido is a giant in Asia, which lacked distribution in the
U.S. In this deal, Shiseido may seek to build their product base in
the home shopping network. Mr. Wasik also noted that the deal
signals more consolidation in the personal care and household
products sector with valuations in the space at the lowest level in
10 years. The timing also is good for strategic buyers, as
financial players are having trouble getting debt financing with
access to credit remaining tight, Mr. Wasik stated.
The facts described in this
summary have not been independently verified and the opinions
expressed are the individual opinions of the author. This summary
will not be updated if additional facts come to light or if the
opinions of the author change in the future.