Beauty Store Business - August, 2019


Target Plans for Same-Day Delivery Service With Shipt Acquisition

Target has announced its plan to acquire Shipt, a leading online same-day delivery platform, for $550 million in cash. With this game-changing acquisition, Target now has the ability to leverage its network of stores with Shipt’s proprietary technology platform and community of shoppers to bring same-day delivery service across the country.

Unilever Acquires Dollar Shave Club

Unilever, a supplier of food, home and personal-care products, is set to purchase men’s grooming brand Dollar Shave Club. Terms of the transaction were not disclosed, though Michael Dubin is expected to continue to serve as CEO of DSC.

DSC, headquartered in the Venice area of Los Angeles, California, was founded in 2012. Since inception, it has worked to transform the shaving category through its lifestyle brand, empowering 3.2 million members, and is on track to exceed $200 million in 2016.

Japonesque Acquired by San Francisco Equity Partners

San Francisco Equity Partners, a private-equity firm exclusively focused on expansion-stage companies in the consumer industry, has acquired a majority stake in beauty company Japonesque.

SFEP is partnering with current Japonesque owner, president and CEO Karen McKay—an industry leader in the beauty tools category—to capitalize on the extraordinary momentum in the business.