Latest news with #KolmarHoldings
Bloomberg
12 hours ago
- Business
- Bloomberg
Kolmar Holdings Surges Second Day on Korea Beauty Empire Feud
Shares in Kolmar Holdings Co. surged as much as 26% on Thursday, extending the South Korean beauty conglomerate's gains to a second day, driven by a feud within the founding family. The shares traded at 18,810 won as of 9:19 a.m., giving the company a market value of 644.8 billion won ($470 million). The stock, which hit its highest since 2019, has surged 186% this year, compared with a 23.7% gain in the benchmark Kospi index.
Bloomberg
a day ago
- Business
- Bloomberg
Korean Cosmetics Firm Kolmar Shares Jump 25% as Founder Sues Son
Shares of South Korean cosmetics maker Kolmar Holdings Co. jumped as much as 25% after a subsidiary confirmed its founder sued to reclaim shares gifted to his eldest son. The lawsuit, which was filed by Yoon Dong-Han in a Seoul court last month, seeks to have his son Yoon Sang-Hyun return 2.3 million of the holding company's shares that were gifted to him in 2019, according to a statement from the subsidiary, Kolmar BNH Co.
