• Bloomberg


Japanese cosmetics giant Shiseido Co. plans to move its U.S. headquarters to 390 Madison Ave., a midtown Manhattan office tower that has been renovated down to its steel frame.

Shiseido Americas Corp. is taking about 225,800 square feet (21,000 square meters) in the tower at the southwest corner of Madison and East 47th Street. The beauty-products company agreed to pay about $100 (about ¥11,300) per square foot under its 15-year lease, according to a person with knowledge of the deal, who asked not to be named because the terms are private.

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