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Molton Brown, the cosmetics supplier, has been acquired by Kao Corporation of Japan in a £170m deal.
Molton Brown has raised £28m from Bridgepoint Capital to expand its chain of upmarket cosmetics stores into the US and continental Europe.
Molton Brown is planning to open 12 more Emporium cosmetics stores over the next two years.
Molton Brown is planning to open six more cosmetics outlets this year, including three in London.