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M & A

Unilever acquires Hourglass Cosmetics to expand prestige beauty portfolio

Dutch-British consumer goods company, Unilever has acquired the luxury cosmetic company, Hourglass, which is headquartered in Venice, California. Terms of the deal were undisclosed, but industry experts have estimated that Unilever acquired Hourglass for between $250 million and $300 million, WWD reports.  “The color cosmetics category has been showing high growth-rates, driven by social media content, channel diversity and democratization …

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New York media and real estate entrepreneur Charles S. Cohen acquires Harrys of London

Charles Cohen, a New York-based media and real estate entrepreneur, has acquired Harrys of London, a UK-based contemporary footwear and accessories brand from Palladin Consumer Retail Partners. In 2014, Palladin acquired more than half of the outstanding shares of Harrys of London. The brand is known for shoes made with Technogel®, a patented gel technology that conforms to the wearer’s foot. Now, …

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Farfetch acquires Style.com and forges digital partnership with Condé Nast

Farfetch has acquired Style.com, Condé Nast’s luxury e-commence website, and forged a digital partnership with the media giant. The goal of the partnership is to link products listed on Farfetch with Condé Nast’s digital and social media content. Financial terms of the deal were not disclosed. “We have long felt that inspirational content is a natural part of any luxury shopping experience,” Jose …

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Ares Management acquires DevaCurl parent company Deva Holdings

Deva Holdings, the parent company of prestige haircare brand DevaCurl, has been acquired by asset management firm, Ares Management from Tengram Capital Partners. “We are excited to partner with the talented DevaCurl team as long-term investors in the company,” Dennis Gies, a partner of Ares Management’s private equity group, said in a release. “DevaCurl is the category leader and brand …

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