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Unilever and Shiseido went buying throughout the holidays, snapping up the haircare model K18 and skincare label Dr Dennis Gross, respectively — beating out rival teams and personal fairness corporations within the course of. The offers closed a slower yr of M&A in magnificence, hampered by rising rates of interest, geopolitical instability and issues of a potential recession. In addition they additional proved that the most popular acquisition targets are manufacturers with distinctive merchandise and a powerful steadiness sheet.
