Korea's largest H&B franchise launches pre-IPO targeting PEFs
Ri-ahn Kim and Sang-eun Lee
Sep 03, 2020 (Gmt+09:00)
South Korean health and beauty franchise CJ Olive Young has sent teaser letters to potential buyers, including domestic and overseas private equity funds, to sell off a minority stake as part of its pre-initial public offering process, according to the financial investment industry on September 3.
CJ Olive Young reigns supreme in Korea’s health and beauty industry with 70% market share. It is also a subsidiary of family-controlled holding company CJ Corp.