Beiersdorf signed an agreement to acquire Chantecaille for between $590 million and $690 million.
Chantecaille manufactures makeup and skin care products that revolve around plant and flower extracts. The business was founded by Sylvie Chantecaille, who is said to continue with the brand. This year, Chantecaille is expected to hit over $100 million in sales.
WWD reported that the brand hired Jefferies to explore deal options in August. At the time, Chantecaille said the company had experienced rapid sales growth, particularly in China, and was growing seeking partner.
“Over the last five years, we’ve boomed and a very savvy Chinese consumer has fallen in love with us,” Chantecaille told WWD in August. “My family and I see great opportunities for growth. ahead and we want to expand.”
Chantecaille’s Pure Toner, $74, was named one of Beauty Inc’s top 100 skin care products of all time on a list decided by industry insiders. Other bestsellers include Just Skin Tinted Moisturizer SPF 15, $79; Orange Blossom, $68; Bio Lifting Serum+, $278, and Luster Glide Eyeliner, $32, according to the brand’s website.
Chantecaille is expected to operate as a standalone business within Beiersdorf, with access to the company’s infrastructure, WWD has learned. Beiersdorf also operates Nivea, Eucerin, La Prairie, Labello, Coppertone and other brands.
Beiersdorf said in a statement on Tuesday that Chantecaille commends its existing luxury skincare business and will help it grow in North America and Asia.
The Chantecaille deal is one of many beautiful deals to be announced before the end of the year. Skincare brands in particular have become a hot commodity for strategic buyers this year.
On Monday, beauty and skin care brand SPF Supergoop said it had sold most of its business to a fund owned by Blackstone. Earlier this month, brands Eurazeo acquired a controlling stake in microbiome-focused skincare brand Beekman 1802. Procter & Gamble previously signed an agreement for skincare brand Farmacy, also like Jen Atkin’s Ouai, which makes body care products other than hair. care. L’Oréal also signed an agreement to buy Youth for the People. Harry’s also made recent first-time acquisitions, acquiring deodorant brand Lume, and Edgewell acquiring women’s grooming and personal care brand Billie. Galderma has also signed a contract to buy Alastin.
There’s also been a flurry of smaller investments in skin care and beauty lately — Centre, Evereden, Universal Beauty Group, Stratia and Beautigloo have all raised funds recently.
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https://wwd.com/beauty-industry-news/beauty-features/beiersdorf-chantecaille-acquisition-skin-care-beauty-1235022417-1235022417/ Beiersdorf to Acquire Chantecaille – WWD