Posts Tagged: business

Estee Lauder Acquires Too Faced Cosmetics…

Estee Lauder announced last week that it is to make the biggest acquisition in its history with the purchase of cult cosmetics brand, Too Faced. With a majority stake sold back in 2015 to private equity firm General Atlantic, Too Faced was reportedly valued at $500 million. Seemingly, the brand appears to have almost tripled… Read more »

P&G Sells Three Haircare Brands

Germany’s Henkel (HNKG_p.DE), maker of Schwarzkopf shampoo and Loctite glue, has agreed to buy a range of hair care brands from Procter & Gamble with a view to further strengthen its haircare portfolio in emerging markets. The deal includes a portfolio of brands including Pert, Shamtu and Blendax, whose key countries are Russia, Saudi Arabia… Read more »

L’Oreal Hit the Record

French beauty & cosmetics giant L’Oreal has announced a record profit in 2013 through sales of Garnier shampoos, Maybelline makeup as well as its additional beauty offerings. L’Oreal reported net profit of €2.96 billion ($4.9 billion) last year, up 3.2% from €2.87b in 2012. The company is 29.5% owned by Swiss food giant Nestle, who… Read more »

Aromatherapy Associates Acquisition

UK-based premium spa and skin care brand, Aromatherapy Associates, has been acquired by B&B Investment Partners. Aromatherapy Associates was co-founded by Geraldine Howard in 1985 and supplies aromatherapy products to over 400 customers in 40 countries. Since December 2009, the majority of the company has been owned by Ian Richardson and Dr Magdy Ishak via… Read more »