Shiseido to sell beauty brands BareMinerals, Buxom, Laura Mercier
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Shiseido Americas is selling cosmetics brands, BareMinerals, Buxom, and Laura Mercier to AI Beauty Holdings Ltd, a newly-formed affiliate of private equity investment firm, Advent International. The terms of the deal were not disclosed.
Upon completion of the transaction, Pascal Houdayer, the former chief executive of NAOS (Bioderma, Esthederm, Etat Pur) will serve as CEO of the standalone business.
Launched in 1995, BareMinerals is a leader in mineral-based cosmetics; Buxom, created in 2007, is a colour cosmetics brand ranked among the top five US brands across various lip categories. Prestige makeup brand Laura Mercier was founded in 1996.
“We are strong believers in the BareMinerals, Buxom, and Laura Mercier brands,” said Tricia Glynn, a managing director at Advent. “They are clear leaders in prestige beauty and are widely recognised for their quality, authenticity, and innovation, with differentiated products and devoted customers.”
Questions & Answers
Q.Which company is purchasing BareMinerals, Buxom, and Laura Mercier from Shiseido Americas?
Which company is purchasing BareMinerals, Buxom, and Laura Mercier from Shiseido Americas?
AI Beauty Holdings Ltd, a new affiliate of private equity investment firm Advent International, is acquiring the cosmetics brands. This entity was recently formed specifically for such transactions.
Q.Who will lead the new standalone business after the transaction is completed?
Who will lead the new standalone business after the transaction is completed?
Pascal Houdayer, previously the chief executive of NAOS, will take on the role of CEO for the combined business. He has experience leading well-known beauty brands.
Q.What are the specific terms of the sale of these beauty brands?
What are the specific terms of the sale of these beauty brands?
The article states that the terms of the deal were not disclosed by the parties involved. Therefore, specific financial details or other conditions remain private.
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