Shiseido Acquires Skincare From Dr. Dennis Gross

THE year can be future has A END, but beauty companies are not Again do with Mergers and Acquisitions For 2023.

On THE even day Unilever revealed It is intention has buy K18, Shiseido has sign A definitive agreement has acquire DGA Skin care Assets, THE owner of Dr. Dennis Raw Skin care.

Terms of THE agreement were not disclosed, but THE brand East Understood has be on track has exceed $300 million In retail sales This year.

THE acquisition East seen by Shiseido as A move has to strenghten It is heart prestige skin care business, which understand brands Shiseido And Key of Skin Beauty.

Related Articles

Masahiko Uotani, president And chief executive officer of Shiseido, said: "This transaction East well aligned with that of Shiseido 2030 aim of become A staff beauty well-being business that supports people In realize unique beauty And well-being all along their lives. Dr. Dennis Raw Skin care East THE Perfect complement has OUR global wallet of prestige brands as their heart values are aligned with ours In terms of their scientist And innovative approach has beauty And OUR People first cultural. »

In A interview, Carrie Raw, CEO And co-founder of Dr. Dennis Raw Skin care, said: “[Shiseido] aim East has become THE beauty And well-being business that supports people worldwide. It is Or We sit because We are all about in good health skin. I will be able has to focus all of My time And energy on OUR creative process, on My team, OUR clients around THE world And all of OUR the partners. They to want Me has TO DO What I TO DO best, which East engaging And link with OUR consumers. »

She spear THE brand In 2000 with her husband, ancient skin cancer searcher And practicing dermatologist Dr. Dennis Disgusting.

Known For It is It is Alpha Beta Peel, as GOOD as It is devices such as Doctor Dennis Raw DRx Spectralite FaceWare Pro, THE brand has prosperous, but he was not always that way.

HAS WWD Beauty CEO Summit, Carrie Raw explain that he spear has Sephora 22 years There is with THE Alpha Beta Every day Peel, around THE even time that Kim Cattrall character In "Sex And THE City," Samantha Jones, had A chemical peel, exit her confront red And stain In A episode.

"He was disruptive has THE time Thus 'Sex And THE City,' which was real life And he sort of together THE bar For OUR standards of deliver efficiency," She said. "OUR consumers to have high expectations of all of OUR some products. THE Alpha Beta together THE bar For We And We continue has innovate year After year, but We Never take a step far Since OUR heart. It is A wonderful thing has see THE loyalty And experience THE journey that were on with OUR clients. She could find We When she is 15 And to start has to have a few Rashes And SO pretty Soon she is enter THE job walk. And SO she is get married And SO she is having A baby And SO all of A suddenly she is going through menopause, maybe not that fast, but In any of them case were In he with her For THE journey. »

THE brand took A investment Since private equity farm Main Job In 2020 In THE pangs of THE pandemic. HAS that indicate, industry sources estimated Dr. Raw' sales has reach $100 million has retail In 2020.