Chitose Group announces that it has successfully raised 7 million USD through a third-party allotment of shares with Shiseido Company, Limited as the underwriter. In doing so, CHITOSE and Shiseido have entered into a strategic collaboration agreement.
Shiseido has been participating in MATSURI since April 2022, aiming to create a sustainable world where everyone can enjoy a lifetime of happiness through the power of beauty. Through this partnership, CHITOSE and Shiseido will accelerate the development and mass-production of cosmetic ingredients and containers using microalgae, and further explore the development of ingredients that can be used in future food businesses. Through the activities of MATSURI, CHITOSE and Shiseido aim to lead the creation of a circular economy through sustainable value creation, revitalizing the global cosmetics market.
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