Beiersdorf signed an agreement to acquire Chantecaille which values ââthe company between 590 and 690 million dollars.
Chantecaille manufactures makeup and skin care products focused on plant and flower extracts. The company was founded by Sylvie Chantecaille, who would continue with the brand. This year, Chantecaille is expected to generate more than $ 100 million in sales.
WWD reported that the brand hired Jefferies to explore transaction options in August. At that time, Chantecaille said the company had experienced rapid sales growth, especially in China, and was looking for a partner.
âIn the past five years we’ve exploded and a very savvy Chinese consumer has fallen in love with us,â Chantecaille told WWD in August. “My family and I see wonderful growth opportunities ahead of us and we want to grow.”
Chantecaille Pure Rose Water, $ 74, was named one of Beauty Inc’s Top 100 All-Time Skin Care Products in a list compiled by industry insiders. Other top-selling products include Just Skin Tinted Moisturizer SPF 15, $ 79; Orange blossom water, $ 68; Bio Lifting Serum +, $ 278, and Luster Glide Eyeliner, $ 32, according to the brand’s website.
Chantecaille is expected to operate as a stand-alone company within Beiersdorf, with access to the company’s infrastructure, WWD has learned. Beiersdorf also operates Nivea, Eucerin, La Prairie, Labello, Coppertone and other brands.
Beiersdorf said in a statement on Tuesday that Chantecaille is completing its current premium skin care business and will help it grow in North America and Asia.
The Chantecaille transaction is one of the many to be unveiled before the end of the year. Skin care brands, in particular, have been a flagship for strategic buyers this year.
On Monday, skincare and beauty brand SPF Supergoop announced that it had sold a majority stake in the company to a fund owned by Blackstone. Earlier this month, the Eurazeo brands acquired a controlling stake in the microbiome-focused skin brand Beekman 1802. Prior to that, Procter & Gamble signed an agreement for the skin care brand Farmacy, as well as Jen Atkin’s Ouai, which makes body care products in addition to hair. care. L’OrÃ©al also signed a buyout agreement for Youth to the People. Harry’s also made its first acquisition recently, acquiring the Lume deodorant brand, and Edgewell acquired the Billie personal and personal care brand for women. Galderma also signed an agreement to buy Alastin.
There have also been a slew of small recent investments in beauty and skin care – The Center, Evereden, Universal Beauty Group, Stratia and Beautigloo have all recently raised capital.
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