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Beiersdorf AG XE:BEI XETRA Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 97.98 98.06 98.12 0.00 01:00:00

Beiersdorf to Acquire Chantecaille's Skin-Care Business

22/12/2021 7:06am

Dow Jones News


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By Joshua Kirby

 

Beiersdorf AG said late Tuesday that it has reached an agreement to buy Chantecaille Beauty's skin-care business.

The German maker of personal-care products said the deal gave the business an enterprise value between $590 million and $690 million, depending on future development. The business is expected to make global sales of more than $100 million this year, Beiersdorf said, adding that the acquisition will help drive growth in the North American and Asian markets.

The transaction with the New York-based cosmetics company is subject to antitrust approval and other customary conditions, and is expected to close next quarter, Beiersdorf added.

 

Write to Joshua Kirby at joshua.kirby@wsj.com; @joshualeokirby

 

(END) Dow Jones Newswires

December 22, 2021 01:51 ET (06:51 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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