Nivea owner to acquire Chantecaille
Nivea owner Beiersdorf is to acquire the Chantecaille beauty brand as part of plans to grow its prestige beauty portfolio.
The deal values the business at between $590 million and $690 million.
Founded by Sylvie Chantecaille in 1997, Chantecaille offers a range of skin care, fragrance and cosmetic products that are made with botanical ingredients. Based in New York, the company is expected to generate global sales in excess of €100 million in 2021.
Chantecaille will continue to be managed separately as a complementary brand within Beiersdorf Group next to La Prairie following the acquisition.
Vincent Warnery, chief executive of Beiersdorf, “Through the acquisition of Chantecaille, we are bolstering our portfolio in prestige beauty and strengthening our position, especially in the US, China and Korea, which is a priority of our C.A.R.E.+ strategy.
“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.”
Email this article to a friend
You need to be logged in to use this feature.
Please log in here