S Korean cosmetics maker Cosmax rejects two takeover offers, to stay independent

S Korean cosmetics maker Cosmax rejects two takeover offers, to stay independent

Photo by Manu Camargo on Unsplash

South Korea’s Cosmax Inc, the world’s biggest cosmetics manufacturer, rejected buyout offers from two large local conglomerates in the past year and has no interest in selling as it expects continued revenue growth propelled by Asian demand, its chairman and chief executive told Reuters.

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