of2023 Tag

Beauty M&A in 2023 is already off to a hot start. A flurry of deals kickstarted the 12 months despite concerns the U.S. could tip into recession. Procter & Gamble signed a deal to acquire Mielle, a Black-founded textured hair care brand, for an undisclosed sum, while L’Oréal’s enterprise capital fund BOLD has been energetic, making minority investments in French metaverse developer Digital Village and temporary tattoo-maker Prinker Korea Inc. Here is an inventory of all the sweetness acquisitions and investments thus far in 2023: December Unilever is about to accumulate buzzy biotech hair care brand K18, as a part of a wider strategy to speculate in high-growth premium categories, construct up its “power brands,” and spend money on research and development. After successfully betting on sunscreen brand Supergoop,...