Acquisitions · Cosmetics (skin care)
Shiseido buys Houston skin-care brand Drunk Elephant for about $845 million
- Buyer
- Shiseido (Tokyo)
- Target
- Drunk Elephant Holdings, Houston, Texas
- Value
- About $845M
- Status
- Agreed on October 8, 2019 (October 7 in the US); completed on November 6, 2019.
- Date
- 2019-10-08
Shiseido agreed to buy Drunk Elephant Holdings, the Houston-based skin-care brand, for about $845 million. The deal was signed on October 7 in the US, October 8 in Japan, and completed on November 6, 2019.
Why it matters
The deal added a fast-growing US prestige skin-care brand to Shiseido's portfolio as it worked to improve its Americas business.
Sources
Kakehashi M&A News home
