• Shiseido Just Bought This Crazy-Popular Skin-Care Brand for $845 Million

    7 days ago - By NewBeauty

    Japanese skin-care giant Shiseido-which is home to brands like NARS and Clé de Peau Beauté-just announced its acquisition of seven year-old “clean beauty” brand Drunk Elephant for $845 million, WWD reports. The deal marks the second-largest acquisition of the year, second only to L'Occitane's $900 million purchase of Elemis in January.
    Described by Masahiko Uotani,
    Shiseido's president and chief executive officer, as “one of the fastest-growing skin-care brands in history,” the punchy, Gen Z- favored brand saw skyrocketed growth this past year, with sales netting out close to $100 million...
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  • Drunk Elephant Has Been Purchased by Shiseido for $845 Million

    Drunk Elephant Has Been Purchased by Shiseido for $845 Million

    7 days ago - By Allure

    Skin-care brand Drunk Elephant has just announced a deal with Shiseido, which has acquired a 100 percent stake in the company for a total of $845 million. The deal is set to close by the end of 2019, and Drunk Elephant founder Tiffany Masterson will remain its chief creative officer.
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  • Shiseido to Acquire Drunk Elephant in $845 Million Deal

    Shiseido to Acquire Drunk Elephant in $845 Million Deal

    7 days ago - By Fashionista

    Japanese beauty company Shiseido will acquire "clean" skin-care brand Drunk Elephant in a $845 million deal, the two entities announced on Tuesday. After years of speculation and several months of official bids this fall, Drunk Elephant founder Tiffany Masterson chose to part with a 100% stake in...
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