As companies merge, investments from new owners often fuel innovation. These new deals and partnerships are contributing to growth, overall—and helping the beauty and packaging industries prosper.
Whether you're a brand owner, packaging supplier, or ingredient manufacturer—or work with these companies—keeping up with the latest mergers and acquisitions in the beauty industry can be a challenge. It's also confusing to remember which beauty brands each company owns. We're here to help.
Keep up with 'who-owns-who' by bookmarking this story to check often for updates.
Tracking All the Beauty Industry Mergers & Acquisitions of 2024
Beauty Brands: Mergers & Acquisitions
January
Shiseido Acquires Dr. Dennis Gross Skincare
Shiseido subsidiary, Shiseido Americas Corporation has adopted a resolution to acquire DDG Skincare Holdings LLC, a company offering dermatologist-led, science-based prestige skincare under the brand Dr. Dennis Gross Skincare. The agreement was signed on December 22, 2023.
What else does Shiseido own? Drunk Elephant, Nars, and Narciso Rodriguez are a few of its Prestige brands, while its Premium lines include several mid-priced lines sold in Asia. Shiseido is number six on our Top Global Beauty Companies 2023 Report.
L'Occitane Group Acquires Dr. Vranjes Firenze Fragrances
The L’Occitane Group has acquired Italian luxury home fragrance brand Dr. Vranjes Firenze—marking another step in the Group’s strategy to build a geographically balanced portfolio of strong premium beauty and fragrance brands.
Created in 1983 by Dr. Paolo Vranjes, Dr. Vranjes Firenze creates 'Made in Florence' candles and home fragrance products that aim to encapsulate the essence of Florentine artisanship combined with the innovation of fragrance science.
Suave Brands Company Acquires ChapStick
Yellow Woods Partners announced that its portfolio company Suave Brands has signed a binding offer to acquire the ChapStick brand from Haleon. The acquisition is intended to close in the first half of 2024 once regulatory approvals are finalized.
According to Yellow Wood Partners, ChapStick will be the firm’s 5th corporate carveout in the past four years.
February
Henkel to Acquire the Greater China Division of Vidal Sassoon
On February 1st, Henkel signed an agreement to acquire Vidal Sassoon and its related hair care business in Greater China from Procter & Gamble. The Vidal Sassoon portfolio offers shampoos, conditioners, and products dedicated to hair styling and treatments.
Henkel is 14th on our Top Global Companies report for 2023 and owns Schwarzkopf, Dial, Syoss, Alterna, Blendax, Blonde, Color & Art, Diadermine, and more.
Bridgepoint Acquires RoC Skincare
Gryphon Investors finalized the sale of RoC Skincare to Bridgepoint Europe VII. The announcement was initially made in January and was closed on February 29th. Financial terms were not disclosed.
RoC is one of Gryphon’s multiple investments in the beauty category. Gryphon also owns Goodier, Milani Cosmetics, and Revision Skincare.
March
Clinical Skin Acquires Glytone
On March 4th, Glytone skincare brand was acquired by Clinical Skin. Glytone is known for providing dermatological skincare products. Clinical Skin hopes that Glytone can help advance its presence in the cosmeceutical skincare market.
Glytone is known for providing dermatological skincare solutions. The brand has benefitted from Pierre Fabre Laboratories’ dermo-cosmetic solutions for 20 years.
April
Monogram Capital Partners Owns Most of Tru Beauty & Fragrance
Monogram Capital Partners acquired the majority of Tru Beauty & Fragrance shares on April 2nd. Monogram will help expand Tru in Canada, Europe, the UK, and the U.S. This is Monogram's seventh beauty brand investment within the past five years.
June
ELC Finalizes DECIEM Acquisition
The Estée Lauder Companies has completed its acquisition of DECIEM. ELC became the majority owner in 2021 and has now purchased the remaining shares. ELC will now oversee The Ordinary brand.
Ranking third on our Top Companies list, Estée Lauder Companies owns Estée Lauder, Aramis, Clinique, Lab Series, Too Faced, Dr.Jart+, Niod, Aveda, and more across multiple beauty categories.
Kering Beauté Gains Majority of Matière Première
Matère Première has finalized its second round of funding in which Kering Beauté acquired a minority stake in the brand. Kering hopes to expand the brand by strengthening its online and e-commerce presence.
Matère Première perfume brand was founded by Aurélien Guichard, Cédric Meiffret, and Caius von Knorring.
Yellow Wood Partners Completes Elida Beauty Acquisition
Yellow Wood Partners is now the owner of Elida Beauty, having acquired the portfolio from Unilever. Along with the acquisition, Alfie Vivian has been appointed CEO of Elida.
The Elida Beauty portfolio includes Q-tips, Caress, Ponds and St. Ives (for North America and Europe only), Impulse, Noxzema, Monsavon, and Timotei, among others.
L Catterton Acquires Stripes Beauty
L Catterton has acquired Stripes Beauty. Founded by Naomi Watts, the brand aims to normalize conversations about menopause and other symptoms associated with natural hormonal changes as women age.
L Catterton has invested in a variety of beauty and wellness brands including, Function of Beauty, Honest, Irene Forte Skincare, Kiko Milano, Squared Circles, Hi! Papa, and more across multiple business categories.
July
American Exchange Acquires Indie Lee
Clean beauty brand Indie Lee, has been acquired by the American Exchange Group (AXNY). The Group hopes to expand the brand's portfolio and its retail presence.
AXNY is primarily a fashion accessories product and brand management company that has recently begun expanding into the beauty and personal care industry.
TSG Consumer Partners Invests in Summer Fridays
Summer Fridays, a clean, premium skincare and hybrid makeup brand, has received a strategic growth investment from TSG Consumer Partners, a leading private equity firm. Prelude Growth Partners will exit its investment in the company as part of the transaction.
TSG is a consumer-focused investment company that is also an investor in Huda Beauty as well as a large variety of categories including health and wellness, food and beverage, eCommerce, fintech, and mobile gaming.
Winky Lux Gains Investment from CORE
CORE Industrial Partners has made a majority investment in Winky Lux, a trendsetting beauty brand known for its innovative products and commitment to clean, cruelty-free formulations.
CORE is a private equity firm with over$1.58 billion in capital commitments.This investment allows Winky Lux to fund the expansion
of both its digital and brick-and-mortar retail channels.
August
L'Oréal Acquires Stake in Galderma
L'Oréal has purchased 10% stake in Galderma. This marks L'Oréal's first injectables products. The companies previously announced a partnership to collaborate on research and development initiatives.
L'Oreal is number one on our Top Companies report and owns multiple skincare brands including La Roche-Posay, Vichy, CeraVe, SkinCeuticals, and Skinbetter Science.
September
L'Catterton Acquires Majority of Stenders
L'Catterton has acquired the majority stake in Stenders, a Nordic bath and body care company. This will enable Stenders to accelerate global expansion.
Stenders's products are made in Latvia using natural ingredients and packaged using fully recyclable materials.
October
Sodalis Group Acquires HRB Brands
Tengram Capital Partners, a middle-market private equity firm, sold HRB Brands to Sodalis Group, a European-based beauty and personal care platform.
HRB is a leading hair care and skin cleansing business, including twenty brands such as Alberto VO5, Zest, Coast, Brut, Pert, Sure, Zero Frizz, Rave, SGX NYC, and Thicker Fuller Hair, among others. HRB’s brands are present in over 30 million households across the Americas and enjoy deep consumer loyalty for their quality at accessible price points.
Unilever Sells Its Russian Business
Unilever has completed the sale of its Russian subsidiary to the Arnest Group, a Russian manufacturer of perfume, cosmetics, and household products.
With this Unilever has removed its presence from Russia, having sold its four factories and its Belarus business.
Pacific World Corp. Acquires Nails.Inc
Nails.Inc has been acquired by New York-based private equity firm Pacific World Corp. Nails Inc founder, Thea Green will remain as head of the brand.
Pacific World Corp. is a wholly owned subsidiary of Prospect Capital and oversees other nail care brands such as Sensational and Nailtrual.
November
Inspired Beauty Brands Acquires Fix Your Lid
Inspired Beauty Brands, Inc. (IBB) acquired Fix Your Lid, a salon-quality men's grooming and styling brand. Fix Your Lid products are made in the United States by HBB Consumer Products LLC.
Fix Your Lid joins IBB's portfolio of beauty brands, including HASK, Gray Away, and HnP. IBB's products are sold in over 50 countries worldwide, including at key partners such as Target, Walmart, Amazon, CVS, and Walgreens.
MY Imports Acquires Bain de Soleil
Suncare brand, Bain de Soleil has been acquired by MY Imports USA. The brand will relaunch in 2025 with new additional products including SPF lip balms, skincare, and hair care products.
This agreement marks the latest step in MY Imports' strategy to expand its portfolio of well-known and trusted consumer brands.
Helen of Troy Acquires Olive & June
Helen of Troy Limited has entered into a definitive merger agreement to acquire Olive & June, an omnichannel nail care brand. Through this acquisition, Helen of Troy will help boost the brand while Olive & June operates in a stand-alone but supported model.
Helen of Troy is a designer, developer, and worldwide marketer of branded consumer home, outdoor, beauty, and wellness products. The company also oversees OXO, Hydro Flask, Osprey, Vicks, Braun, Honeywell, PUR, Hot Tools, Drybar, Curlsmith, and Revlon.
Beauty Suppliers: Acquisitions & Expansions
January
IBG Acquires Roberts Beauty
Innovative Beauty Group has acquired Roberts Beauty, a privately-owned full-service provider specializing in custom-designed packaging and turnkey solutions. The acquisition reflects IBG’s strategy to access specific market segments and regions.
March
Leste Group Gains Significant Stake in Prestige Cosmetics
Leste Group acquired a significant stake in Prestige Cosmetics, a leading distributor of luxury perfumes and cosmetics in Brazil. Leste plans to expand Prestige’s distribution capabilities in North America and other areas around the globe.
April
Clariant Acquires IFF's Cosmetic Ingredients Business
IFF completed the divestiture of its Cosmetic Ingredients business to Clariant on April 4th. As a part of Clariant, the business will continue to deliver innovative ingredients for the cosmetic and personal care product portfolio.
May
Fedrigoni Acquires Majority Stake in POLI-TAPE Group
Fedrigoini has agreed to acquire a majority stake in the POLI-TAPE Group, which specializes in high-quality materials for graphic applications, including textiles, signage, digital printing, and specialties.
June
Fremman Capital Acquires IBG
July
Givaudan Acquires Remaining Stake in b.kolor
Givaudan has finalized the acquisition of b.kolormakeup & skin. In July of 2021, Givaudan purchased 25% of b.kolor. In acquiring the remaining shares, Givaudan expands its makeup and skincare formulations.
Lumson Group Sells Marino Belotti Stake
The Lumson Group has sold its stake in Matino Belotti to focus on its presence in the skincare sector. Lumson was supported by an internal business development team consisting of Simone Cocchi and Fabio Priori
September
kdc/one Acquires Laffon
kdc/one has acquired Italian-based Laffon S.r.l., a specialist in make-up packaging manufacturing. This expands kdc/one’s capabilities to meet growing market demands.
November
Amcor and Berry
Amcor and Berry have combined in an all-stock transaction. Together, the companies will create a global leader in consumer packaging solutions, with a broader flexible film and converted film offering for customers, a scaled containers and closures business, and a unique global healthcare portfolio.
