Yesterday, RéVive Skincare, a luxury skin care brand founded in 1997 by Dr. Gregory Brown, has been acquired by the China-based conglomerate S’Young Group. This acquisition marks a shift in ownership from Tengram Capital Partners, who purchased the brand from Shiseido in 2017. Although the financial details of the deal have not been disclosed, the brand’s CEO, Elana Drell Szyfer, confirmed the transaction in a statement. Under this new ownership, Dr. Brown and the current management team will maintain their roles, and the company will continue to operate independently.
Tengram had previously acquired RéVive when its sales were around $15 million, and by 2022, the brand’s sales had doubled to approximately $30 million. S’Young Group, which is based in Changsha, China, is no stranger to luxury beauty acquisitions. In 2022, it acquired Evidens de Beauté, a high-end skin care line, and took a minority stake in Pier Augé. The group’s total sales were estimated at $640.5 million in 2023.
After acquiring the aforementioned high-end brands, S’Young Group made significant investments. In the first half of 2024, the company’s sales expenses were primarily directed towards key brands like EDB and PA, with a focus on long-term investments in brand promotion, including brand awareness campaigns and marketing efforts, to enhance the brand’s momentum and support its long-term development. According to financial report data, in the first half of 2024 alone, S’Young Group’s sales expenses increased by 15.86% year-on-year, reaching approximately 1.074 billion yuan.
Ariel Ohana of Ohana & Co. advised Tengram on the sale of RéVive, while legal counsel was provided by Gibson Dunn.
