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Bloomberg
Shanghai Pehchaolin Daily Chemical Co, a Chinese skincare company that owns the 89-year-old premium beauty brand Pechoin, is in talks with potential investors for a minority stake sale, according to people familiar with the situation.
Shanghai Pehchaolin has received interest from prospective investors including some private equity firms, said the people, who asked not to be identified as the matter is private. The company is considering other options to raise capital, the people said.
The privately-held Shanghai Pehchaolin, founded in 1931, sells skincare products, perfumes and soap, according to its website.