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18 Dec

Beiersdorf Acquires Majority Stake in Skin Microbiome Specialist –

PARIS — Beiersdorf AG is expanding its knowledge of the skin’s microbiome with the acquisition of S-Biomedic NV. The German maker of Nivea, La Prairie and Tesa products said Friday that it has purchased a majority stake within the Belgian life-science company, which is touted as a pioneer in skin microbiome research field. Financial terms of the deal weren't disclosed. In an announcement released Friday, Beiersdorf described the microbiome as offering “unique starting points for break-through skincare innovations.” Over the past few years, beauty corporations have increasingly turned toward skin’s microbiome, where billions of bacteria live, as a key factor for skin health. Their research and development has resulted within the creation of latest products made to assist balance the microbiome which, when it’s...
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7 Nov

Eurazeo Sells Majority Stake in Nest to North Castle

Nest has a recent but somewhat familiar majority owner. Investment company Eurazeo has sold its majority stake in the house scent and fragrance company to an investor group led by private equity firm North Castle Partners, in a transaction that values Nest at about $200 million. Terms of the deal weren't disclosed. Eurazeo and Nest founder Laura Slatkin will retain minority ownership positions. North Castle Partners can be familiar to Nest as beauty industry adviser Wealthy Gersten was at Tengram Capital Partners when it was Nest’s essential backer and subsequently sold its majority stake to Eurazeo in 2017 for $70 million. Nest represents North Castle’s second beauty and private care investment within the last two years. “I believe it’s amazing that somebody that invested...
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14 Sep

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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