Beauty Store Business magazine - November, 2019

acquisition

L'Occitane Acquires Elemis for $900 Million

L'Occitane, a luxury cosmetics manufacturer and retailer with a portfolio of premium beauty brands, has just acquired British skincare brand Elemis to the tune of $900 million. It is the company's largest acquisition since listing on the Hong Kong Stock Exchange.

Founded in 1990, Elemis has become a world leader in prestige skincare and is the number one independent British skincare brand. Its products have strong cross-generational consumer appeal, attracting millennials while also maintaining loyal Gen X and baby boomer consumers.

A.I.I. to Distribute Satin Smooth

Earlier today, American International Industries (A.I.I.), manufacturer and worldwide distributor of beauty products, announced its expansion in the hair removal and skincare category with the addition of Satin Smooth. A.I.I. will now be selling and distributing Satin Smooth skincare and hair removal products, further broadening and enhancing A.I.I.'s impressive portfolio of leading hair removal and skincare brands.

Tengram Capital Partners Acquires Lime Crime

Stacy Panagakis, the former general manager of Fresh, joins as Lime Crime's new CEO.

Founded in 2008 by beauty entrepreneurs Doe Deere and Mark Dumbelton, color cosmetic brand Lime Crime is known for its whimsical, trend-setting, digitally savvy, cruelty-free and vegan products, which have pioneered such beauty trends as unicorn- and holographic-inspired makeup and vivid hair colors. It was recently announced that the company has been acquired by the private equity firm Tengram Capital Partners.