On December 21, Beiersdorf announced on its official website that the company has acquired Chantecaille Beaute Inc.
It is reported that the enterprise value of Chantecaille’s business is approximately between 3.7 billion yuan and 4.3 billion yuan in accordance to its future development. The transaction is expected to close in the first quarter of 2022.
Founded in 1997 by Sylvie Chantecaille, Chantecaille offers innovative skin care, fragrance and cosmetic products based on botanical ingredients and combines effective formulations with a strong focus on sustainability and charity. Headquartered in New York, the company spread its business across the world and it is particularly popular in North America and Asia. In 2021, Chantecaille’s global sales are expected to exceed 600 million yuan.
Vincent Warnery, CEO of Beiersdorf, said that the acquisition of Chantecaille is a priority in the CARE+ strategy in company. This acquisition will strengthen the company’s reputation and investment in the beauty industry and accelerate its growth in North America and Asia.