British consumer goods company Unilever will divest its Suave beauty and personal care brand in North America to Yellow Wood Partners, a Boston-based private equity firm. The financial terms of the transaction were not disclosed. The Suave brand sells products for women, men, and kids in ecommerce platforms and mass retailers. The brand includes hair […]
Croda International will acquire Solus Biotech, a South Korea-based biomaterials company, from Solus Advanced Materials in a debt- and cash-free transaction valued at KRW350 billion (£232 million). With the proposed acquisition, Croda International anticipates to strengthen and expand the company’s Beauty Actives portfolio and Asian manufacturing capabilities as well as creating a new biotechnology research […]
Torrent Pharmaceuticals said that it has wrapped up the previously announced INR 2,000 crores acquisition of Curatio Healthcare (I) Private Limited, a cosmetic dermatology company. Announced in late September 2022, the deal is expected to help the Indian pharmaceutical firm bolster its presence in the dermatology segment. Curatio Healthcare gives 600 medical representatives (MRs) and […]
Indian pharma company Torrent Pharmaceuticals has agreed to acquire cosmetic dermatology company Curatio Healthcare (I) Private Limited for INR 2,000 crores, in a move to strengthen its presence in the dermatology segment. The consideration consists of INR 115 crores of cash and cash equivalents in the acquired business, which gives an enterprise value of INR […]
Infosys has entered into a collaboration with Nu Skin Enterprises, an American multilevel marketing company, to help the latter drive social commerce-led transformation in the beauty and wellness sector. Nu Skin Enterprises will leverage the Infosys Equinox human-centric digital commerce platform for providing consumers and affiliates with engaging and innovative experiences. The digital commerce platform […]
Japanese conglomerate Marubeni Corporation said that it will begin selling skin care products for children under the IFME skincare brand. IFME is a shoe brand for kids manufactured by Marubeni’s fully-owned subsidiary — Marubeni Footwear. Since its launch in 2000, IFME is said to have researched and developed jointly with industry and academia the concept […]
Farfetch Limited, a UK-based online luxury fashion retailer, said that it will acquire Violet Grey, a US-based luxury beauty retailer, for an undisclosed price. The acquisition will mark the foray of Farfetch in the cosmetics sector. Violet Grey is a beauty destination as well as a content channel. It is credited to be the launchpad […]
Givaudan said that it has invested in the Series A funding round of Next Beauty China, an incubator for emerging fragrance and beauty brands striving to grow in China. The Swiss manufacturer of flavors, fragrances and active cosmetic ingredients said that the investment relationship will utilize the respective capabilities of the two firms to support […]
Privi Speciality Chemicals Limited (PSCL), an India-based aroma chemicals manufacturer, and Givaudan will jointly build a greenfield production facility in Mahad, Maharashtra. In this connection, a joint venture will be created in which Privi Speciality Chemicals will hold a stake of 51%, while the Swiss fragrance manufacturer will own the remaining stake of 49%. Mahad […]
Marico Limited, an Indian consumer goods company, has agreed to acquire a stake of 60% in Apcos Naturals Private Limited, the owner of the Just Herbs ayurvedic cosmetics and beauty brand. The financial terms of the all-cash deal have not been disclosed. Marico said that it will acquire a 52.4% stake in Apcos Naturals by […]