Folli Follie Commercial Manufacturing and Technical SA (ATSE:FFGRP) entered into a stock purchase agreement to acquire Shiseido Hellas S.A. from Shiseido International Europe S.A. for €3 million on April 29, 2015. The purchase price consisted of a payment of €1 and a loan which has been offered to Shiseido Hellas by Shiseido International Europe and will be repaid by Folli Follie in the future. Shiseido Hellas changed its name to Selective Cosmetics Hellas S.A. following the transaction.

Shiseido Hellas had net liabilities of €11.76 million, total assets of €15.54 million, net sales of €0.74 million, operating loss of €9.78 million and net loss of €10.38 million for the financial year ending December 2014. As on June 5, 2015, the transaction was unanimously approved by the Commission for the Protection of Competition.