Shiseido acquires Dr. Dennis Gross Skincare
Shiseido is to acquire US dermatologist-led beauty brand, Dr. Dennis Gross Skincare.
A definitive agreement has been signed to buy the brand by the Japanese skincare company’s US subsidiary, Shiseido Americas Corporation.
Launched in New York in 2000, Dr. Dennis Gross Skincare was founded by former skin cancer researcher and practising dermatologist Dr. Dennis Gross and his wife Carrie Gross.
The company is most well known for its Alpha Beta Daily Peels and also produces a range of products designed to work together in customisable regimes to treat multiple concerns.
Shiseido said the acquisition will add a highly complementary brand to its existing portfolio and help drive growth and profitability in a critical market in its Americas business.
It added: “With a philosophy rooted in research, dermatology and technology, the brand is well aligned with Shiseido’s rich heritage in skincare, global platforms, and R＆D capabilities. This will in turn support Dr. Dennis Gross Skincare to accelerate its next phase of growth. Together, we will be well positioned to capture opportunities in the rapidly growing doctor-led skincare market around the world.”