Japanese cosmetics giant Shiseido has reported its first net loss in eight years. The impairment loss totalled ￥28.6bn on intangible assets or goodwill associated with the Bare Escentuals brand, which the company acquired in 2010 for $1.7bn. Under the agreement, Shiseido purchased shares in the company for $18.20 each - a 40.8% premium over Bare Escentuals' average stock price at the time.
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