BeautyS'Young Group Acquires RéVive Skincare From Tengram Capital Partners

S’Young Group Acquires RéVive Skincare From Tengram Capital Partners

-

spot_img

[ad_1]

RéVive Skincare is under new ownership.

The skin care brand, founded in 1997 by Dr. Gregory Brown, has been acquired by Changsha, China-based conglomerate S’Young Group from Tengram Capital Partners. Terms of the deal were not disclosed.

Elana Drell Szyfer, the brand’s chief executive officer, confirmed the acquisition in a statement to WWD.

Tengram bought the business from Shiseido in 2017, when Drell Szyfer was named CEO and John Elmer named chief financial officer and chief operating officer of the company. “Dr. Brown and management team will continue their current roles and the company will maintain independent operations,” the statement continued.

At the time of Tengram’s acquisition of the brand, sales were said to be around $15 million. In 2022, RéVive was rumored to be exploring deal options, as reported. Then, sales were said to be roughly $30 million.

S’Young Group acquired Evidens de Beauté, a luxe skin care range, as well as a minority stake in Pier Augé, in 2022. Sales for the company overall were estimated to be $640.5 million in 2023.

Tengram also sold HRB Brands — which includes Alberto VO5, Zest and Coast — earlier this month to Sodalis Group, with a rumored price tag around $200 million.

This year, several beauty companies have explored deal options — with checkered success. TSG Consumer Partners acquired a majority stake in Summer Fridays in July; while rumored sellers Osea, Kosas, Glossier, Rare Beauty, Merit and others have yet to transact.

Ariel Ohana of Ohana & Co. advised Tengram on the sale, while Gibson Dunn provided legal counsel.

[ad_2]

Source link

Latest news

How to Make Real Money With 92 Pak Game

Understanding the Basics of 92 Pak Game 92 Pak Game has gained massive popularity among mobile gamers in Pakistan, primarily...

How UFABET Supports Multilingual Customer Service

In the increasingly globalized world of online betting, providing excellent customer service that caters to a diverse audience is...

Real Money Pokies Online: Security Protocols Explained

Playing real money pokies online is a thrilling way to enjoy casino entertainment from the comfort of your own...

Signs You Need a New Engine for Hyundai ix35

Your Hyundai ix35 is more than just a vehicle—it’s a reliable companion for daily commutes, weekend adventures, and everything...
spot_img

Ceritafilm Offers a Journey Through Reviews and Downloads

Explore the World of Cinema Through a Comprehensive Lens For movie enthusiasts who crave more than just a surface-level understanding...

Used Laptop Screen Quality: How to Spot Dead Pixels and Backlight Issues

Understanding Screen Quality in μεταχειρισμένα laptop When considering μεταχειρισμένα laptop for purchase, one of the most crucial components to inspect...

Must read

How to Make Real Money With 92 Pak Game

Understanding the Basics of 92 Pak Game 92 Pak Game...

How UFABET Supports Multilingual Customer Service

In the increasingly globalized world of online betting, providing...
spot_img

You might also likeRELATED
Recommended to you