Beiersdorf has entered into a definitive agreement to acquire prestige beauty brand Chantecaille.
Founded by Sylvie Chantecaille in 1997, the brand offers a range of skin care, fragrance and cosmetics products based on botanical ingredients with a strong focus on sustainability and philanthropy. The company is headquartered in New York with global presence and a particular strength in North America and Asia. In 2021, it is expected that Chantecaille will generate global sales in excess of USD 100 million.
Depending on the future development of the Chantecaille business, the enterprise value is between USD 590 million and USD 690 million.
The company will continue to be managed separately as a selective brand in the Beiersdorf Group next to La Prairie.
“Through the acquisition of Chantecaille, we are bolstering our portfolio in prestige beauty and strengthening our position, especially in the United States, China and Korea,” said Vincent Warnery, Chief Executive Officer of Beiersdorf.
The completion of the transaction is subject to merger control clearance as well as further customary closing conditions and is expected to close in the first quarter of 2022.