Yatsen to acquire Eve Lom skincare brand
Yatsen Holding, a leader in the Chinese beauty market, is to acquire the Eve Lom luxury skincare brand from Manzanita Capital.
However, Manzanita will retain a minority stake in the business and serve as a strategic partner going forward.
The transaction is expected to complete in the next few weeks.
Commenting on the acquisition, Jinfeng Huang, founder, chairman and chief executive of Yatsen, said: “The brand has developed an incredibly loyal following driven by its hero products such as the Eve Lom Cleanser, and demonstrated resilient sales and profitability even during Covid-19. We are excited to welcome Eve Lom’s passionate team with diverse international background in the fashion and beauty industry to enrich our global brand building capabilities and product offerings.”
Yatsen owns the Perfect Diary, Little Ondine and Abby’s Choice skincare brands and has recently acquired premium skincare brand Galénic.
