Global investment firm KKR has agreed to acquire a majority stake in Vini Cosmetics, an Indian personal care and beauty products company, for around $625 million. The sellers of the stake in the Indian cosmetics company are its founder group led by its chairman and joint-managing director Darshan Patel and joint-managing director Dipam Patel and […]
L’Oréal USA, the largest subsidiary of cosmetics giant L’Oréal Group, announced that it will open its second headquarters in El Segundo, California early next year. The headquarters will be built on a 25-acre land, which was previously an aerospace manufacturing site. Planned to accommodate the company’s future growth plans, will have more than 100,000 square […]
North Carolina-based Soft Touch has launched its new natural foot peel mask with a new lavender scent. This dry heel treatment is said to work as an effective foot peel for getting rid of dead skin and repairing cracked heels. Each pack consists of two peeling masks which can be used by both men and […]
Russian supermarket chain Magnit has launched its own express delivery service from Magnit Cosmetic stores in eight cities in Russia. The retailer plans to add six more cities for the delivery service by the end of the month. Magnit said that it has connected its cosmetic stores across Moscow, Kazan, Saint-Petersburg, Samara, Rostov-on-Don, Chelyabinsk, and […]
The Carlyle Group has acquired a majority stake in Beautycounter from Counter Brands in a deal that values the US cosmetics company at $1 billion. Founded in 2011 by Gregg Renfrew and launched in 2013, Beautycounter is engaged in producing skincare and cosmetic products. Jay Sammons – Head of Global Consumer, Media & Retail, The […]
French cosmetics giant L’Oréal has agreed to acquire Japanese skincare company Takami for an undisclosed price. The Japanese firm develops and markets products that are licensed by the skincare brand Takami. It is owned by Dr Hiroshi Takami, who is the founder of a couple of eponymous dermatological clinics in Tokyo. L’Oréal said that it […]
Indigo Man has launched an anti-aging skin care mask for men, which has been made available to pre-order on US crowdfunding website Indiegogo. The company said that the ready-to-use skincare mask has been designed by dermatologists for keeping men looking young. The skin care mask while reducing wrinkles, also ensures that even the most rugged, […]
Ireland-based Perrigo Company has agreed to acquire three over-the-counter (OTC) skincare and hair loss treatment brands sold across Eastern Europe, namely Emolium, Iwostin, and Loxon, from French pharma giant Sanofi. Financial terms of the deal were not disclosed by the parties. According to Perrigo Company, the products to be acquired have trailing 12 months net […]
US healthcare company Medline has agreed to acquire the SensiCare and Aloe Vesta collection of skin care product lines from British medical products company ConvaTec for $29 million. Medline said that through the transaction it will gain a well-established brand of patient cleansing, moisturizing and skin protectants into its portfolio of advanced skin care products. […]
US beauty company Coty has agreed to acquire a 20% stake in American celebrity Kim Kardashian West’s beauty business for $200 million. Coty and Kardashian West will focus on foraying into new beauty categories and global expansion beyond her present beauty product lines. Kardashian West and her team will head all creative efforts in terms […]