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M & A

Shiseido acquires MatchCo and its shade matching service

Shiseido Americas Corporation has acquired U.S. beauty startup MatchCo, which has developed technology that helps beauty shoppers purchase the correct shade of foundation for their skin. SAC CEO, Marc Rey, has declined to say how much the startup was purchased for or its current sales volume. “MatchCo is a truly unique company with a transformational technology platform, go-to-market strategy and approach to …

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Luxottica and Essilor merge in $51 billion deal to form glasses behemoth

Italy-based eyewear giant Luxottica Group SpA and France-based lens-maker Essilor International SA have merged to form, EssilorLuxottica, in a €48 billion ($51 billion at current exchange) deal. The deal was made public this past week and will to bring the new entity’s combined revenues to €15 billion ($16 billion), and combined net EBITDA of approximately €3.5 billion ($3.7 billion) based …

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L’Oréal acquires three Valeant skincare brands for $1.3 billion

L’Oréal has signed an agreement with Valeant Pharmaceuticals to acquire three of their skincare brands, CeraVe, AcneFree and Ambi for $1.3 billion. “The acquisition of CeraVe, AcneFree and Ambi strongly complement L’Oréal’s brand portfolio,” Frédéric Rozé, president and CEO of L’Oréal USA, said in a statement. “These three brands, built on strong relationships with health professionals and widely distributed, will nearly double the revenue of our …

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Jet.com has acquired Shoebuy for $70 million to expand clothing and accessories offering

On the heels of its August 2016 acquisition by Wal-Mart, Jet.com has announced its $70 million acquisition of Shoebuy from IAC. Shoebuy was founded in 1999 and sells 800 brands translating to more than one million products offered for men, women and children. As part of the acquisition ShoeBuy will remain as a separate entity, and its CEO, Mike Sorabella, will …

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