NORTH AMERICAN BUSINESS
  • HOME
  • SUSTAINABILITY
  • INVEST
  • MARKET
  • PARTNERSHIP
  • INNOVATION
  • PEOPLE
  • INSIGHTS
No Result
View All Result
NORTH AMERICAN BUSINESS
  • HOME
  • SUSTAINABILITY
  • INVEST
  • MARKET
  • PARTNERSHIP
  • INNOVATION
  • PEOPLE
  • INSIGHTS
No Result
View All Result
NORTH AMERICAN BUSINESS
No Result
View All Result
Home ALL Consumer

Beiersdorf to acquire prestige beauty brand Chantecaille

by Emma Jones
December 22, 2021
A A
  • Acquisition to complement Beiersdorf’s premium skin care offering with La Prairie
  • Accelerates growth in North American and Asian markets in line with C.A.R.E.+ strategy
  • Chantecaille to continue as an independently managed business in the Beiersdorf Group

Hamburg, December 21, 2021 – Beiersdorf AG announced today that it has entered into a definitive agreement to acquire Chantecaille Beaute Inc., USA, a leading prestige beauty company. Depending on the future development of the Chantecaille business, the enterprise value is between USD 590 million and USD 690 million. The company will continue to be managed separately as a complementary selective brand in the Beiersdorf Group next to La Prairie. The completion of the transaction is subject to merger control clearance as well as further customary closing conditions and is expected to close in the first quarter of 2022.

Founded by Sylvie Chantecaille in 1997, Chantecaille offers innovative skin care, fragrance and cosmetics products based on botanical ingredients combining efficacious formulas with a strong focus on sustainability and philanthropy. The company is headquartered in New York with global presence and a particular strength in North America and Asia. In 2021, it is expected that Chantecaille will generate global sales in excess of USD 100 million.

“Through the acquisition of Chantecaille, we are bolstering our portfolio in prestige beauty and strengthening our position, especially in the United States, China and Korea, which is a priority of our C.A.R.E.+ strategy,” said Vincent Warnery, Chief Executive Officer of Beiersdorf. “We are pleased to welcome Chantecaille and its dedicated team to the Beiersdorf family. With its strong philanthropic approach, Chantecaille is a clarion voice for global environmental concerns and supports conservation efforts around the world that are in line with Beiersdorf’s sustainability agenda CARE BEYOND SKIN.”

“We looked very carefully for a great steward that could help take Chantecaille to the next level and continue to further Chantecaille’s acceleration as a leader in natural beauty. The fact that Beiersdorf shares the same core values made them an ideal choice,” said Sylvie Chantecaille, CEO and founder of Chantecaille.

Lazard acted as financial advisor to Beiersdorf, while Freshfields Bruckhaus Deringer provided legal advice. Jefferies acted as financial advisor to Chantecaille, while Kirkland & Ellis provided legal advice.

Tags: < Invest | M&A
ShareTweetShareSend

Related Industries

Consumer

Gap Inc. Reports First Quarter Fiscal 2023 Results

May 29, 2023
Consumer

Toshiba Named a Major Player in the IDC MarketScape “Worldwide Retail Commerce Platform Software Providers 2023 Vendor Assessment”

May 17, 2023
Consumer

Gap Inc. Releases 2022 ESG Report, Sharing Progress On Sustainability And Inclusion

May 10, 2023
Consumer

Kimberly-Clark Professional Announces Greenovation Awards For Sustainability Leadership And Waste Reduction

May 6, 2023
Consumer

Best Buy makes DiversityInc Top 50 Companies for Diversity list

May 5, 2023
Consumer

The Estée Lauder Companies Announces Nancy Mahon Has Been Named the Company’s First Chief Sustainability Officer

April 29, 2023

Jeanine Wai is appointed Vice President, Investor Relations North America of TotalEnergies

June 2, 2023

...

Dow’s Seadrift, Texas location selected for X-energy advanced SMR nuclear project to deliver safe, reliable, zero carbon emissions power and steam production

May 12, 2023

...

Blackstone Completes Acquisition of Majority Stake of Copeland, Formerly Emerson Climate Technologies

June 1, 2023

...

Thermo Fisher Scientific Releases 2022 Corporate Social Responsibility Report

May 18, 2023

...

Lilly’s Social Impact Venture Capital Portfolio Poised to Grow to $300 Million with New $50 Million Allocation

May 10, 2023

...

ABB opens Robert M. Thomas Innovation Center in Memphis

May 19, 2023

...

HP Inc. Appoints Glenn Williams as Chief Diversity Officer

May 10, 2023

...

IonicBlue® receives up to CAD $100 million investment from Canada Infrastructure Bank toward decarbonization projects

May 24, 2023

...

chevron announces agreement to acquire PDC energy

May 23, 2023

...

NORTH AMERICAN BUSINESS (www.na-biz.com) is a leading source of business and corporate news, information, industry trends, market updates and insights across a broad spectrum of industries in North America and worldwide.

MENU

  • HOME
  • SUSTAINABILITY
  • INVEST
  • MARKET
  • PARTNERSHIP
  • INNOVATION
  • PEOPLE
  • INSIGHTS

CONTACT US

EDITORIAL:     editor#na-biz.com

PARTNERSHIP:     biz#na-biz.com

HUMAN RESOURCE:     hr#na-biz.com

* (replace # with @)

  • Official Site

Copyright © NA-BIZ.COM All rights reserved.

No Result
View All Result
  • HOME
  • SUSTAINABILITY
  • INVEST
  • MARKET
  • PARTNERSHIP
  • INNOVATION
  • PEOPLE
  • INSIGHTS

Copyright © NA-BIZ.COM All rights reserved.