U.S. cosmetics giant Revlon Inc. has failed to make the shortlist of candidates for sponsoring the rehabilitation of Kanebo Ltd. and Kanebo Cosmetics Inc., sources said Thursday.
Personal-care and cleansing products maker Kao Corp., Kose Corp. and French cosmetic giant L'Oreal SA have survived the selection process, which began after the Industrial Revitalization Corp. of Japan, a state-backed bailout agency, closed the application period Monday, the sources said.
Other survivors include U.S. health-care product maker Johnson & Johnson, U.S. investment banks Goldman Sachs Group Inc. and Morgan Stanley & Co., Japanese investment firm MKS Partners Ltd., and an investment firm affiliated with Daiwa Securities Co., they said.