Yatsen to acquire Eve Lom skincare brand
Yatsen Holding, a leader in the Chinese beauty market, is to acquire the Eve Lom luxury skincare brand from Manzanita Capital.
However, Manzanita will retain a minority stake in the business and serve as a strategic partner going forward.
The transaction is expected to complete in the next few weeks.
Commenting on the acquisition, Jinfeng Huang, founder, chairman and chief executive of Yatsen, said: “The brand has developed an incredibly loyal following driven by its hero products such as the Eve Lom Cleanser, and demonstrated resilient sales and profitability even during Covid-19. We are excited to welcome Eve Lom’s passionate team with diverse international background in the fashion and beauty industry to enrich our global brand building capabilities and product offerings.”
Never Miss a Retail Update!Yatsen owns the Perfect Diary, Little Ondine and Abby’s Choice skincare brands and has recently acquired premium skincare brand Galénic.
