MatsukiyoCocokara & Co. said on 24 August that its subsidiary MCC Management would acquire all shares in John Masters Holdings, the holding company of John Masters Organic Group, which sells the John Masters Organics premium cosmetics range in Japan.
Why MatsukiyoCocokara & Co. (via MCC Management) is buying John Masters Holdings (John Masters Organic Group)
MatsukiyoCocokara said it would combine the brand's strength and product development with its more than 170 million customer contacts, more than 3,600 stores and data platform to create new value in premium cosmetics, as part of its strategy of bringing together companies with distinctive brands while respecting their culture.
Deal terms and financing
MCC Management will acquire 5.88 billion shares, or 100% of the voting rights, from three Aspirant Group funds: AG No.3 Investment LPS (54.4%), AG Chorus LP (22.8%) and AG Concert LP (22.8%). The price was set with reference to a third-party valuation but was not disclosed because of a confidentiality agreement.
Regulatory approvals and timing
The agreement was signed on 24 August, with the share transfer scheduled for 7 September 2026.
Market context
John Masters Organics was founded in New York in 1994 and came to Japan in 2007. Aspirant Group, which invested in 2022, said it had strengthened product development, moved production to Japan and improved store and online customer experience.
