MatsukiyoCocokara & Co. acquired all shares of John Masters Holdings and made it a wholly owned subsidiary. Matsumoto Takashi (松本貴志) became the new president. The announcement was reported as dated 7 September.
MatsukiyoCocokara & Co. acquired all shares of John Masters Holdings and made the group a wholly owned subsidiary. The transaction was reportedly completed on 7 September, changing the ownership structure of John Masters Holdings.
John Masters Holdings will continue to own the John Masters Organics Group, which plans, develops and sells organic and natural cosmetics. The share acquisition established a new management structure, with Matsumoto Takashi (松本貴志), executive vice president and representative director of MatsukiyoCocokara & Co., becoming the new president.
Meanwhile, on the John Masters Organics Group side, Matsuda Takashi (松田崇), a director of MatsukiyoCocokara & Co., became chairperson. These personnel changes have been reported as part of the organizational restructuring.