Acquisitions · Hair care (premium)
Kao buys New York premium hair care brand Oribe
- Buyer
- Kao (via Kao USA) (Tokyo)
- Target
- Oribe Hair Care, New York, New York
- Value
- Estimated about ¥50B / $441M (media report)
- Status
- Completed in January 2018.
- Date
- 2017-12-21
Kao, through its US unit Kao USA, bought Oribe Hair Care, a New York premium hair care brand sold through salons, from Luxury Brand Partners. Kao did not disclose terms; media estimated the price at about ¥50 billion, or $441 million, while other reports put it at $400 million to $430 million.
Why it matters
The deal adds a high-end salon brand to Kao's hair care business in the US.
Sources
Kakehashi M&A News home
