Interparfums Acquires Goutal Brand IP from Amorepacific Europe

Inter Parfums Acquires Salvatore Ferragamo Fragrance Business and License

October 4, 2021

Consumer Products

Inter Parfums, Inc. has completed its agreement with Salvatore Ferragamo S.p.A. to acquire the Ferragamo fragrance business and become the exclusive worldwide licensee for Ferragamo perfumes under a 10-year license with a 5-year option. Inter Parfums will operate the fragrance business through a wholly-owned Italian company based in Florence, with production and management conducted in Italy, and many Ferragamo fragrance employees joining Inter Parfums to support growth in key markets such as China and North America.

Advent International Acquires Majority Stake in Parfums de Marly Group

June 22, 2023

Consumer Products

Advent International has agreed to acquire a majority shareholding in the group behind luxury fragrance brands Parfums de Marly and INITIO Parfums Privés from founder Julien Sprecher. Sprecher will remain as Executive Chairman, Creative Director and a large minority shareholder while Advent will support the Group's international expansion and omni-channel strategy.

Turpaz Industries Acquires Belgian Flavours Manufacturer Doucy

February 27, 2025

Food & Beverage

Turpaz Industries has acquired Belgian sweet flavours manufacturer Doucy for $8.5 million, with an additional contingent payment tied to Doucy's EBITDA through March 2027. The deal includes Doucy's production facility in Fernelmont, Belgium (sales of $5 million in 2024); Turpaz said the acquisition strengthens its sweet-flavours portfolio and Western European presence and was financed with bank debt.

New Directions Aromatics Acquires Aromatic Fragrances International

January 7, 2026

Consumer Products

New Directions Aromatics, a TruArc Partners portfolio company, has combined with Aromatic Fragrances International to create an e-commerce-enabled specialty ingredients and fragrance platform. The deal expands New Directions' U.S. footprint and brings complementary formulation, manufacturing, and digital ordering capabilities to serve beauty, personal care, home fragrance and other consumer brands.

Givaudan Acquires Custom Essence

November 15, 2021

Consumer Products

Givaudan has reached an agreement to acquire Custom Essence, a family-owned fragrance creation house based in Somerset, New Jersey. The acquisition expands Givaudan's natural-fragrance capabilities and local/regional customer reach as part of its 2025 fragrance strategy; Custom Essence employs roughly 70 people and would have represented about USD 40 million of incremental sales on a 2020 proforma basis.

USHOPAL Group Acquires French Skincare Icon PAYOT

March 5, 2025

Consumer Products

China-based luxury beauty group USHOPAL Group has completed the full acquisition of French skincare brand PAYOT. The deal gives USHOPAL a heritage professional skincare brand with global distribution (products in 70+ countries and 5,000+ spa partners) to accelerate PAYOT's international and China expansion and amplify omni-channel growth.