What does it take for an upstart business to cut through the noise, win the hearts of shoppers, and catch the eyes of major players looking to get in on the next big thing?
Read MoreThe Estée Lauder Cos. Inc. has made a decisive move and upped the ante in its beauty industry merger and acquisition contest by acquiring the Too Faced makeup brand for $1.45 billion, the largest purchase in Lauder’s 70-year history.
Read More“Revlon confirmed last week that the acquisition was successful and that the combined company—a ‘global beauty enterprise’—now operates with Revlon as the parent company and is traded on the NYSE as REV.” Read more at Cosmetics Design.
Read More“Urban Decay, NYX, and now IT Cosmetics: L’Oréal recently made a series of strategic acquisitions in the United States with the aim to adapt itself to a changing beauty market where the explosion of social media and e-commerce may reshuffle the positions of all global players.” Read more at Premium Beauty News.
Read More“Beauty group L’Oréal is adding to its luxury perfume portfolio with the purchase of Atelier Cologne. Launched in 2009, Atelier Cologne today retails at stores including Neiman Marcus, Sephora, Fortnum & Mason and Galeries Lafayette. Niche perfume is a growing category, causing beauty’s biggest players to scoop up small labels to get in on the ground floor.” Read more at Luxury Daily.
Read More“‘Both brands have unique viewpoints, fast-growing and loyal customer bases,’ said Marc Rey, president and chief executive officer of Shiseido Americas, adding that they also have the same degree of innovation as the company’s other brands. Rey said he expects the deal to close by the third quarter.” Read more at WWD.
Read More“McKesson announced Wednesday its agreement to acquire Rexall Health from Katz Group for $3 billion Canadian ($2.2 billion in U.S. dollars). The acquisition is expected to strengthen McKesson’s position in Canada’s pharmaceutical supply chain, the company said, noting that the two companies have worked together for more than 20 years.” Read more at Drug Store News.
Read More“Coty Inc. reported Thursday its first-quarter profit soared, helped by a one-off tax benefit, and provided more details on the financing and organizational structure for its merger with Procter & Gamble Co. ’s beauty brands. The beauty-products maker said it has transferred 10 out of 12 fragrance licenses, putting it on track to close the deal in the second half of 2016. Coty said its business will be reorganized around three divisions: luxury, consumer beauty and professional beauty. It will also launch a growth and digital department focused on top-line growth.” Read more at Nasdaq.com.
Read More“Cutting edge indie cosmetics brands have been leading the way in industry growth over the past few years, which explains why larger multinationals have been lining up to incorporate them into their portfolios. In the US brands such as GlamGlow, NYX, Le Labo, Ren, and Dermalogica are amongst the most prominent names that have been bought up in recent years.” Read more at CosmeticsDesign.com.
Read More“The value of the three deals could reach $12 billion, sources added. Coty, with a stable of brands, can achieve savings through synergies that other bidders, like private-equity firms, are unable to do. Coty for years has been acquiring brands waiting for the chance to join the big leagues in the consumer space. Winning the P&G auctions would catapult Coty into a much larger playing field.” Read more at The New York Post.
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