07.26.16
Shiseido Americas recently announced its new focus on color cosmetics, bringing on ex-Coty executive Jill Scalamandre to head up a new research division called Global Makeup Center of Excellence, located in the company’s New York headquarters.
Now, the Japan-based company has signed a definitive agreement with Alticor Inc. to acquire its wholly owned subsidiary Gurwitch Products, LLC, which markets global prestige cosmetics and skin care brands. Annual net sales for Gurwitch were reported at $175 million in the fiscal year ending 2015.
Under the terms of the agreement, Shiseido Americas will acquire 100% of Gurwitch, including its portfolio of leading prestige brands: Laura Mercier prestige color cosmetics, skin care, and body and bath products, as well as luxury skin care brand RéVive.
Now, the Japan-based company has signed a definitive agreement with Alticor Inc. to acquire its wholly owned subsidiary Gurwitch Products, LLC, which markets global prestige cosmetics and skin care brands. Annual net sales for Gurwitch were reported at $175 million in the fiscal year ending 2015.
Under the terms of the agreement, Shiseido Americas will acquire 100% of Gurwitch, including its portfolio of leading prestige brands: Laura Mercier prestige color cosmetics, skin care, and body and bath products, as well as luxury skin care brand RéVive.
