"Rapidly Changing" Greek Economy Impacting Shiseido

Amid the Greek debt crisis, Shiseido has made changes to its local business in the country. The company announced that it has partnered with Folli-Follie (Athens, Greece) for the importation and sale of Shiseido products in Greece.

Folli-Follie operates a jewelry business, department stores, fragrance agencies and other businesses in the country.

As part of the deal, Shiseido sold Folli-Follie all shares of Shiseido Hellas, which has been renamed Selective Cosmetics Hellas.

Shiseido subsequently finalized a distributor contract for the importation and sale of Shiseido products by Selective Cosmetics Hellas.

 

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