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Breaking: L'Occitane to acquire Elemis in US$900m deal
14 Jan 2019 . BY Jane Kitchen....
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.
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PRODUCT NEWS
Breaking: L'Occitane to acquire Elemis in US$900m deal
14 Jan 2019 . BY Jane Kitchen....
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.
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Soleum Spa combines thalassotherapy and sauna with new relaxation concept
Soleum Spa, an Austria-based steam bath specialist, has developed a new healing and relaxation concept that combines thalassotherapy with a more traditional sauna experience.
SenSync's Vessel VR pod 'unlocks new approaches for relaxation and restoration', says CEO
Immersive wellness company Sensync has partnered with Four Seasons Resort Oahu at Ko Olina, Hawaii, to launch a VR spa experience.
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Sand & Sea: Gharieni partners with Voya to create ‘truly mindful journeys’
Skincare brand Voya and equipment supplier Gharieni have joined forces to develop three treatments combining Voya’s signature organic seaweed products and Gharieni’s MLX Quartz bed.
Cooling me softly: SnowRoom offers ultimate feel-good factor
Nothing electrifies the senses and sparks emotions like encountering fresh snow.
Smiley Poswolsky to deliver keynote speech at ISPA Talent Symposium in April
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Noel Asmar on why sustainability is good for business
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Collaborative success sees Spa Vision and Kurland offfer unique experiences
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New ESPA Positivity blend provides a 'burst of happiness'
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DIARY

 

19-21 Feb 2020

ForumPiscine - 12th International Pool & Spa Expo and Congress

Bologna Exhibition Centre, Bologna, Italy
24 Feb 2020

Global Beauty & Wellness Exchange

Montage Palmetto Bluff, Bluffton, United States
+ More diary  
 


ADVERTISE . CONTACT US

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

©Cybertrek 2020

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
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LEISURE MEDIA PRODUCT SEARCH
PRINT SUBSCRIPTIONS
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