Unilever and other consumer groups are paying top dollar for fast-growing niche skincare brands. A growing taste for toxic-free treatments and a greying client base will continue to provide good fillers, says LJucca:
The global skincare market grew 7.6% to $135 billion in 2018, against growth of 4.1% for the overall beauty and personal care market, according to Euromonitor. Demand for skincare products is expected to reach $160 billion by 2023.
The global market for organic personal care products was valued at $11.3 billion in 2017 and is expected to reach $21.3 billion by the end of 2024, growing at a compound annual rate of 9.5% between 2018-2024, according to Zion Market Research. Canopy Growth announced on May 22 a push into skincare through the acquisition of cannabis-oil focused beauty group This Works.
Unilever is mulling a $1 billion bid for U.S. skincare brand Drunk Elephant, the Telegraph reported on May 12. Unilever paid 2.3 billion euros to acquire skincare brand Carver Korea in 2017, equivalent to 7.2 times its trailing sales. Hong Kong-listed L’Occitane International in January agreed to take over UK-based premium skincare brand Elemis for $900 million, or 6.4 times sales.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Rare earths expose the trouble with next-gen M&ABeijing's threat to squeeze sales of the minerals has boosted $1.3 bln Lynas, one of few non-Chinese producers. That’s a blow for suitor Wesfarmers. It's also a reminder of how limited targets and opaque prices have challenged corporate heavyweights looking to tap new metals.
Weiterlesen »
Fiat-Renault M&A collapse creates losers all roundThe Italian-American carmaker withdrew a merger offer after the French state sought to delay a decision. The companies lose 5 bln euros of synergies, while Renault and Nissan remain stuck in a frayed alliance. Paris has flubbed an opportunity to show its pro-business credentials.
Weiterlesen »
Breakingviews - Fiat-Renault M&A collapse creates losers all roundFrom Breakingviews - Fiat-Renault M&A collapse creates losers all round, says LiamWardProud:
Weiterlesen »
Apple’s New Privacy Protections Take Aim At Facebook, Google
Weiterlesen »
Apple’s New Privacy Protections Take Aim At Facebook, Google
Weiterlesen »
A breakdown of whether investors are safer after the SEC passes financial protection ruleThe SEC has voted to approve a financial investment reform package.
Weiterlesen »