L’Occitane to acquire British skincare brand Elemis in $900 million deal

by | Jan 15, 2019

L’Occitane have announced their acquisition of Elemis for $900m with the aim of bolstering their growth globally and plans to take Elemis into new markets.

Bloomberg report that with the purchase, L’Occitane – which already operates in 90 countries with 3,285 retail outlets – is set to reach its €1.7b sales target in the next two years, and that the company may look to launch new products dedicated to the US, China and Hong Kong markets, which are driving revenue growth during a slowdown in Europe.

Related reads:

UV Safety – leading the conversation on a national strategy

UV Safety – leading the conversation on a national strategy

Rising cases in Melanoma mean that skin cancer is now the UK’s 5th most common cancer, with 17,500 new cases annually, according to Cancer Research UK. Yet, 86% of melanoma cases are preventable through simple measures like using SPF30+, making it one of the UK’s most...

Pin It on Pinterest

Share this on social: