Shiseido Americas announced agreement to acquire Gurwitch Products, a marketer of global prestige cosmetics and skincare brands. Annual net sales for Gurwitch totaled $175 million in the fiscal year ending 2015. Under the terms of the agreement, Shiseido Americas will acquire 100% of the membership interests in Gurwitch, including Gurwitch’s portfolio of leading prestige brands: … Read more
Le Labo (“The Lab”), the high-end fragrance and sensory lifestyle brand with a distinct French heritage, was acquired by The Estée Lauder Companies. The acquisition is expected to close in November 2014. Founded in 2006 by fragrance industry veterans Fabrice Penot and Eddie Roschi, Le Labo provides a highly selective assortment of exceptional fragrance and … Read more
The global prestige beauty products brand Elizabeth Arden announced that it has made an investment in Red Door Spa Holdings, the operator of the Elizabeth Arden Red Door Spas and the Mario Tricoci Hair Salons privately owned by North Castle Partners. Elizabeth Arden has partnered with J.H. Anderson Holdings and its principal John Anderson, to collectively … Read more