Kao USA, a wholly owned subsidiary of Japanese cosmetics giant Kao Corporation, has signed an agreement to acquire Oribe Hair Care, from its owners, including Luxury Brand Partners. Daniel Kaner, co-founder and currently co-president of Oribe Hair Care will be named president of the newly acquired entity. The terms of the deal were not disclosed.
Oribe will join the Kao Salon Division portfolio of professional brands, including Goldwell and KMS.
Oribe has grown from a prestige hair care brand into a global beauty authority that offers hair care, skincare, body care, makeup, tools and accessories. The brand holds a strong presence in the top-tier professional salon segment as well as in leading specialty retailers around the world.
"Oribe is a stellar brand and a perfect fit for the Kao Salon Division portfolio," said Cory Couts, Global President, Kao Salon Division. "And Daniel will be an exciting and inspiring addition to our management team. Daniel’s appointment not only guarantees the continuity of all that is extraordinary about Oribe but is also a progression of our company’s mission to appeal to the most artistic and business-minded salon professionals in the world."
"With its focus on luxury products, Oribe will meet the need for a prestige line in the Kao Salon product mix," continued Couts. "And, the extensive global distribution network of Kao Salon Division will enable Oribe to expand internationally."
The Oribe business will continue to be based in New York City under current management, reporting to Kao Salon Division.