A consortium led by Taekwang Industrial Co. is set to sign a definitive agreement to acquire a controlling stake in Aekyung Industrial Co. from AK Holdings Co. and Aekyung Asset Management Co. for 470 billion won ($331 million) – one of this year’s largest consumer goods deals in S
(Screenshot captured from Tiptoe's website) Venture capital is pouring into fledgling cosmetics labels as big Korean beauty brands already command lofty valuations.Fruitful, the company behind color cosmetics label Tiptoe, recently raised $1.45 million in pre-Series A funding. Schmidt, KD&J
A selection of shampoos and haircare treatments under The Skin Factory's Kundal brand The allure of Korean beauty is extending into Korean haircare as style-savvy consumers begin treating their hair and scalp with the same care as their skin. Premium shampoos and serums, regarded as functi
Medicube is APR's beauty tech brand (Screenshot captured from APR's website) APR Co., one of South Korea's fastest-growing beauty companies, has unveiled plans to expand into the biotechnology sector as it seeks to position itself as a global leader in anti-aging treatments.The company said on
Juno Hair is South Korea’s largest premium hair salon chain US-based global private equity firm Blackstone Inc. has acquired Juno Hair, South Korea’s largest premium hair salon chain, in a deal that values Juno Hair Group at 800 billion won ($590 million).Blackstone, the world&rsquo
Korean cosmetics displayed at a Galeries Lafayette department store in Paris, France K-Beauty’s rising stars are steering clear of outside capital, opting instead for self-financed growth supported by solid cash reserves, data-driven decision-making and niche positioning sharpened by digi
Norang Tongdak's spicy fried chicken made with traditional Korean chilli peppers Jollibee Foods Corp., a household name in Southeast Asia’s food market, has been named the preferred buyer of Norang Tongdak, a South Korean fried chicken brand, in a deal estimated at 140 billion won ($100 m
Buldak Bokkeum Myeon, a fiery instant noodle, has fueled Samyang Foods' global rise As Korean food and beauty products ride a wave of enduring global demand, Samyang Foods Co. has overtaken Japan’s Toyo Suisan Kaisha Ltd., the dominant ramen leader in the US, in market value after its sha
APR's factory in Pyeongtaek, Gyeonggi Province APR Co., South Korea's fast-growing beauty company, has outpaced the country's second-largest cosmetics firm LG H&H Co. in terms of market capitalization as legacy giants are missing out on the momentum of the K-beauty boom.As of July 25, APR's
Samhwa is a Korean cosmetics packaging specialist Global private equity firm TPG has struck one of this year’s standout mid-cap deals in South Korea, selling Samhwa Co., a cosmetics packaging specialist, to leading buyout firm KKR for 800 billion won ($577 million).The deal, which comes l
Pizza Nara Chicken Gongju chain Korean food is making waves globally, but back home, the story is different for food and beverage franchise operators. Franchisors in South Korea are facing tepid consumer demand and investor apathy, weighed down by sluggish domestic spending and tightening regul
US premium burger chain Five Guys launched in Korea in June 2023 (Courtesy of FG Korea) South Korea’s Hanwha Group is seeking to sell the Korean operations of US premium burger chain Five Guys, two years after the brand’s high-profile local debut led by group scion Kim Dong-seon.The
Ourhome showcases Korean food at SIAL Paris 2024, an international food exhibition, held Oct. 19-23, 2024 South Korea’s Hanwha Group has completed the acquisition of the country’s No. 2 food service and catering company Ourhome Ltd. for 869.5 billion won ($622 million), marking the
Orchestra Private Equity has begun the process of divesting the South Korean operations of fast-food chain KFC, which has seen earnings growth since its acquisition in 2023, according to investment banking sources on Tuesday.The Seoul-based private equity firm is expected to ask for around 400
Pizza Hut franchise in Seoul Money-losing Pizza Hut Korea Ltd., the Korean master franchisee of the giant US pizza franchisor, has filed for corporate rehabilitation in Seoul in a bid to avoid a cash crunch after it was slapped with a court order to compensate its local franchisees over 2
