Dalba Global Invests KRW 9.6 Billion in Domestic Perfume Brand Kuoca

Acquiring a 33% Stake, Accelerating Entry into the Perfume Market
Securing a Call Option to Acquire Additional Shares After Three Years

Cosmetics company Dalba Global is set to invest in the domestic perfume brand Kuoca.

According to the Financial Supervisory Service’s electronic disclosure system on July 29, Dalba Global has decided to acquire 3,547,176 shares of KuocaSkin, the operator of Kuoca, for KRW 9.6 billion. The scheduled acquisition date is July 31, and Dalba Global’s post-acquisition stake will be 33.61%.

Provided by Dalba Global.

This transaction will involve participating in a third-party allotment capital increase to purchase new shares and also acquiring part of the existing shares from current shareholders. Dalba Global will invest approximately KRW 7.89 billion in new shares and about KRW 1.71 billion in existing shares.

Kuoca is a domestic brand that started in Seongsu-dong, growing by introducing skincare and perfume inspired by fine dining. Recently, Kuoca has expanded its sales channels to both domestic and international premium retailers, including flagship stores in Seongsu and Seochon, The Hyundai Seoul, Isetan in Japan, Sephora and Lane Crawford in Hong Kong, and Mitsukoshi in Taiwan.

KuocaSkin’s sales increased from KRW 1,069 million in 2023 to KRW 2,311 million in 2024, and further to KRW 6,481 million last year. Last year, the company also expanded its operating profit by recording a net profit of KRW 902 million. This year’s sales target is KRW 10 billion.

Dalba Global has also left open the possibility of acquiring management rights in the future through this investment. According to the disclosure, after the issuance of preferred shares, the company has secured a call option to acquire the remaining shares three years later. A shareholder agreement has also been signed, detailing rights for stock sales and exchanges between the founder and existing shareholders.

Through this investment, Dalba Global plans to expand its portfolio beyond cosmetics into perfumes and broaden its business scope in the global beauty market.

This content was produced with the assistance of AI translation services.