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13 Dec

Prima Acquires Prospect Farms – WWD

by Beautifaire101
Beauty, Featured
Prima Acquires Prospect Farms – WWD
CBD brand Prima has acquired Maine-based Prospect Farms, one among the most important hemp farms within the U.S. The newly formed company might be referred to as Uplifter Brands, and include a variety of clean brands across personal care, supplements, spa and hospitality and pet wellness. Prima’s Laurel Angelica Myers and Prospect Farms’ Brad Tipper will lead Uplifter Brands as co-chief executive officers, while Prima founder Christopher Gavigan, previous cofounder and chief product officer of The Honest Company, might be executive chairman. Financial terms of the deal weren't disclosed. With greater than 250 acres of regenerative cultivation, the farm holds a greenhouse, pharmaceutical-grade filing system, and on-site lab formulation and success to fuel growth for Uplifter Brands, in addition to uphold and expand...
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8 Dec

WHP Global Sinks $260 Million Into Express; Acquires 7.4 Percent

by Beauty Tips
Fashion, Featured
WHP Global Sinks 0 Million Into Express; Acquires 7.4 Percent
WHP Global plans to take a position $260 million into Express in a two-part deal that can allow the retailer to scale internationally and in recent categories by the use of licensing deals, while forming a joint platform to accumulate more brands in the longer term. The deal is predicted to shut within the fourth quarter.  “When we expect of the Express brand, we love the brand,” Yehuda Shmidman, WHP global chairman and chief executive officer, told WWD in an exclusive interview. “We see [the partnership] as an enormous opportunity. We see big opportunities to bring Express outside the U.S. and into the brand new categories. And once we’re within the marketplace taking a look at opportunities, our goal is to...
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14 Sep

Puig Acquires Majority Stake in Kama Ayurveda – WWD

by Beautifaire101
Beauty, Featured
Puig Acquires Majority Stake in Kama Ayurveda – WWD
PARIS – Puig has taken a controlling stake in Kama Ayurveda, India’s leading Ayurvedic beauty and wellness brand. Financial terms weren't disclosed. In 2019, the family-owned Spanish beauty and fashion company purchased a minority stake within the Indian beauty company, which was founded in 2002. “With this acquisition, Puig reaffirms its commitment to an organization and a market with vast growth opportunity in beauty and wellness products,” Puig said in an announcement on Wednesday. Kama Ayurveda’s offer is rooted in the standard Indian medical practice of Ayurveda, which relies on the balance between mind, body and soul for holistic wellness. Kama Ayurveda’s products are natural and organic. The corporate owns 54 stores in India and plans to operate greater than 60 by yearend. Puig said...
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