Robinsons Retail Acquires Retailer Selling Shiseido, Benefit Cosmetics In Philippines

Robinsons Retail Holdings’ subsidiary Robinsons Specialty Stores acquired beauty retailer Beauty Skinnovations Retail’s assets including the right to operate and distribute Shiseido and Benefit stores in the Philippines. As part of the acquisition deal, Robinsons Retail receives the right to sell Shiseido and Benefit cosmetics products under a distribution deal with local distributors Luxasia Inc. and L Beauty Inc. Also, the company said the deal adds 10 cosmetics stores to its more than 1,000 stores across the country.