NEWS
Breaking: L'Occitane to acquire Elemis in US$900m deal
POSTED 14 Jan 2019 . BY Jane Kitchen
French skincare brand L’Occitane International will acquire British skincare brand Elemis for US$900m in cash, in a deal expected to close in the first quarter of 2019. Elemis is being sold by Steiner Leisure Limited, a portfolio company of private equity firm L Catterton.

Reinold Geiger, chair and CEO of L’Occitane, called the deal a “major step forward for L’Occitane in building a leading portfolio of premium beauty brands”.

“Elemis is well-positioned for continued global growth due to the brand's broad appeal, award-winning product portfolio, robust new product development pipeline and effective consumer-focused digital and brick-and-mortar distribution strategy,” Geiger said. “We have long admired Elemis for their commitment to natural ingredients and scientific innovation, and we look forward to utilising our expertise in the category to expand the brand's footprint around the world."

Sean Harrington, co-founder and CEO of Elemis, said the agreement will strengthen Elemis’ continued growth and momentum.

"Reinold Geiger has a strong history of developing and supporting brands like ours that are creating products sourced from nature and developed through cutting-edge science and technology,” Harrington said. “With his inspiring and entrepreneurial leadership, I am confident that through this transaction, we can continue to realise our mission of delivering extraordinary products and experiences and grow Elemis into one of the leading skincare brands in the world."

L Catterton acquired Steiner – whose portfolio at the time included skin- and hair-care brands Elemis, La Thérapie, Bliss, Remède, Laboratoire Remède and Jou brands, as well as 200 day spas and spas-at-sea – in 2015 a deal valued at US$925m.

L Catterton also recently sold off One Spa World, its spa at-sea division, in November, in a deal worth US$948m.

L'Occitane has more than 3,000 retail outlets, including over 1,500 owned stores, and is present in 90 countries.

Launched in 1990 by co-founders, Sean Harrington, Noella Gabriel and Oriele Frank, Elemis is available at more than 1,600 spas, salons, stores and e-retailers worldwide.
 


ADVERTISE . CONTACT US

Leisure Media, Portmill House, Portmill Lane,
Hitchin, Hertfordshire SG5 1DJ Tel: +44 (0)1462 431385

©Cybertrek 2019

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
PRINT SUBSCRIPTIONS
FREE DIGITAL SUBSCRIPTIONS
 
Spa Business - Breaking: L'Occitane to acquire Elemis in US$900m deal...
22 Feb 2019 Spa Business: uniting the world of wellness
 
 
HOME
JOBS
NEWS
FEATURES
PRODUCTS
FREE DIGITAL SUBSCRIPTION
PRINT SUBSCRIPTION
ADVERTISE
CONTACT US
Sign up for FREE ezine
Latest news

14 Jan 2019

Breaking: L'Occitane to acquire Elemis in US$900m deal
BY Jane Kitchen

Sean Harrington, co-founder and CEO of Elemis, said the agreement will strengthen Elemis’ continued growth and momentum

Sean Harrington, co-founder and CEO of Elemis, said the agreement will strengthen Elemis’ continued growth and momentum

French skincare brand L’Occitane International will acquire British skincare brand Elemis for US$900m in cash, in a deal expected to close in the first quarter of 2019. Elemis is being sold by Steiner Leisure Limited, a portfolio company of private equity firm L Catterton.

Reinold Geiger, chair and CEO of L’Occitane, called the deal a “major step forward for L’Occitane in building a leading portfolio of premium beauty brands”.

“Elemis is well-positioned for continued global growth due to the brand's broad appeal, award-winning product portfolio, robust new product development pipeline and effective consumer-focused digital and brick-and-mortar distribution strategy,” Geiger said. “We have long admired Elemis for their commitment to natural ingredients and scientific innovation, and we look forward to utilising our expertise in the category to expand the brand's footprint around the world."

Sean Harrington, co-founder and CEO of Elemis, said the agreement will strengthen Elemis’ continued growth and momentum.

"Reinold Geiger has a strong history of developing and supporting brands like ours that are creating products sourced from nature and developed through cutting-edge science and technology,” Harrington said. “With his inspiring and entrepreneurial leadership, I am confident that through this transaction, we can continue to realise our mission of delivering extraordinary products and experiences and grow Elemis into one of the leading skincare brands in the world."

L Catterton acquired Steiner – whose portfolio at the time included skin- and hair-care brands Elemis, La Thérapie, Bliss, Remède, Laboratoire Remède and Jou brands, as well as 200 day spas and spas-at-sea – in 2015 a deal valued at US$925m.

L Catterton also recently sold off One Spa World, its spa at-sea division, in November, in a deal worth US$948m.

L'Occitane has more than 3,000 retail outlets, including over 1,500 owned stores, and is present in 90 countries.

Launched in 1990 by co-founders, Sean Harrington, Noella Gabriel and Oriele Frank, Elemis is available at more than 1,600 spas, salons, stores and e-retailers worldwide.



Connect with
Spa Business
Magazine:
View issue contents
Sign up:
Instant Alerts/zines

Print edition
 

News headlines
UK Spa Association appoints Lisa Barden as new chair
UK Spa Association appoints Lisa Barden as new chair   20 Feb 2019

Lisa Barden has been named as chair of the UK Spa Association (UKSA), after founding chairman Charlie Thompson announced he would be stepping down .... more>>
Homefield Grange opens £1.7m spa
Homefield Grange opens £1.7m spa   20 Feb 2019

Homefield Grange, a luxury health and wellness resort in Northamptonshire, has unveiled a new £1.7m 'natural wellness' spa. Called the Living Well .... more>>
Calistoga mud, grape seeds and olive oil: new details revealed for Four Seasons’ upcoming Napa Valley spa
Calistoga mud, grape seeds and olive oil: new details revealed for Four Seasons’ upcoming Napa Valley spa   18 Feb 2019

The Four Seasons Resort and Residences Napa Valley, set to open 1 November, has revealed new details of the California resort and its wellness spa. .... more>>
Mehmet Er returns to Gharieni in new international role
Mehmet Er returns to Gharieni in new international role   18 Feb 2019

Mehmet Er has returned to spa equipment manufacturer Gharieni in the role of international sales manager, after a brief stint working in global sales .... more>>
Vila Vita Parc opens first Sisley Spa in Portugal
Vila Vita Parc opens first Sisley Spa in Portugal   15 Feb 2019

Vila Vita Parc Resort & Spa, a clifftop resort in Portugal’s Algarve, has launched a new Spa by Sisley, the first Sisley-branded spa in Portugal. The .... more>>
Company profile


Pure Massage Spa Training Method®

Since 2002, Pure Massage has been dedicated solely to research and training in massage, its techniques and benefits.

View full profile>>

Catalogue gallery


Featured Supplier

Get ready to EVOLVE at #ISPA2019

Get ready to EVOLVE at #ISPA2019

The 2019 ISPA Conference & Expo is headed back to Las Vegas between 11 and 13 September 2019. More>>




in this issue

• UK Sport relaxes 'no compromise' stance
• Orangetheory hits billion revenue landmark
• Thameside manor resort gets green light



Spa jobs




Healthy Communities Development Officer
Salary: £31,000
Location: Aberdeen
Company: Sport Aberdeen
Healthy Communities Manager
Salary: Up to £45,000 per annum, for the right person
Location: Aberdeen
Company: Sport Aberdeen
Senior Beauty Therapist
Salary: £21,200 plus commission and amazing benefits
Location: Wiltshire, UK
Company: Center Parcs
Diary dates
Powered by leisurediary.com




24-25 Feb 2019

International Manufacturers & Distributors Forum

ExCeL, London, United Kingdom


24-25 Feb 2019

Active Wellness

ExCeL London, London, United Kingdom



Spa Business magazine 2019 issue 1
Spa Business
2019 issue 1

View issue contents
View on turning pages
Download PDF
  Promotional feature: The Wellness
Noha Khalil of The Wellness discusses how gym and spa elements are increasingly coming together through design to deliver outstanding fitness concepts More>>
  Everyone’s talking about: Single-use plastics
Is it time for spas to look at their use of plastic? Kath Hudson investigates More>>


Spa Business magazine 2018 issue 4

Spa Business
2018 issue 4

View issue contents
View turning pages
Download PDF
  Promotional feature: ResortSuite
ResortSuite's GuestEx is enhancing guest engagement More>>
  Event report: GWS 2018
An Italian inspired Global Wellness Summit featured fashion, food, fitness and spa… and cameos from Hugh Jackman and Oprah Winfrey. Spa Business gives its highlights More>>


Published by The Leisure Media Company Ltd Portmill House, Portmill Lane, Hitchin, Herts SG5 1DJ. Tel: +44 (0)1462 431385 | Contact us | About us | © Cybertrek Ltd