Acquired Tag

PARIS ­— Chinese omnichannel brand partner Ushopal has acquired luxury clean British beauty brand Argentum Apothecary. Financial terms of the deal weren't disclosed. Shanghai-based Ushopal, which is billed to be China’s leading luxury beauty brand group, makes a speciality of scaling Gen Z-focused luxury brands in the wonder and wellness space. It formerly had a minority stake in Argentum. The rhythm of investments in clean beauty labels has picked up within the recent past, as consumers increasingly hunt down products which can be transparent and have well-being attributes. A few of the deals within the last 12 months include Amorepacific’s purchase of Tata Harper Skincare; the Courtin family holding, Famille C, acquiring Ilia Beauty, and L’Oréal’s buying Youth to the People. Ushopal built Argentum...