Acquired – Page 2 – Beautifaire

9 May

Combeau Acquired by Oh My Cream: Exclusive – WWD

PARIS — Oh My Cream, the French clean beauty retailer and product line, has made its first acquisition: French supplements brand Combeau, created to look after skin from the within out. Financial terms of the deal weren't disclosed. “Our vision of beauty has evolved toward something more holistic,” explained Juliette Lévy, who founded Oh My Cream, which began selling area of interest skincare brands, resembling Dermalogica, Ren, Grown and Tata Harper, in 2012. “We strongly imagine that supplements are super dynamic and vital.” Lévy described Combeau as having the “most expert, modern formula there's in the marketplace.” “It became a reference in only a couple of months,” she said, of the brand launched in 2020. “Everybody was talking about it. “So we thought, that...

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6 Apr

Why L’Oreal Acquired Aesop – WWD

by Beautifaire101

Beauty, Featured

PARIS — What are L’Oréal’s plans for Aesop, the Australian luxury personal care company that the group just signed an agreement to accumulate, marking its largest M&A move up to now? Cyril Chapuy, president of L’Oréal Luxe, outlined strategy following the deal that was announced late Monday night. As previously reported, the proposed transaction with the vendor, Brazil’s Natura & Co., values Aesop at greater than $2.5 billion. Aesop’s sales in 2022 were $537 million. L’Oréal has expressed confidence that Aesop will within the near future join the Luxe division’s coterie of “billionaire brands,” which also include Lancôme, Yves Saint Laurent, Giorgio Armani Beauty and Kiehl’s. WWD: What drew L’Oréal to Aesop? C.C.: Aesop is a really unique luxury beauty brand, and I’ve been following...

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27 Mar

Scotch & Soda Acquired by Bluestar Alliance

by Beauty Tips

Fashion, Featured

Scotch & Soda Acquired by Bluestar Alliance

Bluestar Alliance, a Recent York-based brand management company, said Monday it has acquired Scotch & Soda, the Amsterdam-based men’s and girls’s lifestyle brand. Terms of the deal weren’t disclosed. The transaction is subject to customary closing conditions. Scotch & Soda operates 253 freestanding stores across Europe, North America, Asia, the Middle East, Africa and Australia, and is carried in 7,000 retailers worldwide. The corporate makes womenswear, menswear, kidswear, denim, eyewear, fragrances and accessories. Scotch & Soda filed for bankruptcy earlier this month in its home country of the Netherlands, citing “severe money flow issues” because of a domino effect of the pandemic, war in Ukraine and inflation, as reported. The acquisition by Bluestar Alliance, whose brands include Hurley,...

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28 Oct

Nailberry Is Acquired by Silverwood Brands – WWD

by Beautifaire101

Beauty, Featured

Nailberry Nailberry Premium nontoxic nail care brand Nailberry has been acquired by Silver wood Brands plc. The deal, intended to assist grow the brand, closed for as much as 10 million kilos, or the equivalent of 5 times sales, confirmed Joël Palix, founding father of boutique consultancy Palix Unlimited. He acted as a mergers-and-acquisitions adviser to Nailberry, alongside Nnenna Onuba, an investor and strategic financial adviser, who founded LBB Skin Ltd. Silverwood Brands is a beauty platform created by Andrew Gerrie, a cofounder of Lush. Consumers leaned into nail care — especially of the nontoxic ilk — through the coronavirus pandemic, when the give attention to wellbeing and sustainable cosmetics products surged. Nailberry was began in 2012 by Sonia Hully, who established a high-end nail bar...

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