HONG KONG: The owner of skin care brand FANCL in Asia ex-Japan has hired Morgan Stanley to initiate a sale, targeting strategic and private equity investors for a deal that could fetch $1 billion, said people with knowledge of the matter.
Hong Kong-based Chris Chan is sole distributor of FANCL Corp's brand in Asia outside its home market of Japan, operating over 200 stores in Greater China and Southeast Asia via his company CMC Holdings.
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