L'Occitane Group Acquires ELEMIS for $900 Million
January 13, 2019
L'Occitane International S.A. agreed to acquire British luxury skincare brand ELEMIS from Steiner Leisure Limited (a portfolio company of L Catterton) for $900 million in cash. The acquisition expands L'OCCITANE's premium beauty portfolio and is expected to accelerate ELEMIS' global growth across digital, retail, spa and other channels.
- Buyers
- L'Occitane International S.A.
- Targets
- ELEMIS
- Sellers
- Steiner Leisure Limited, L Catterton
- Industry
- Consumer Products
- Location
- England, United Kingdom
- Transaction Type
- Buyout
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