Henkel to acquire majority stake in Hello Body, Banana Beauty and Mermaid+Me owner Invincible
The deal with Invincible Brands Holdings includes a 75% stake in the Berlin-headquartered company
Henkel, the German beauty giant, has entered an agreement to acquire a majority stake in Invincible Brands Holdings, the parent company of beauty brands Hello Body, Banana Beauty and Mermaid+Me.
The deal will see Henkel buy a 75% stake in the Berlin-headquartered company, while the remaining 25% will continue to be owned by founders Bjoern Kuene and Gennadi Tschernow, alongside private equity fund manager Capital D.
Henkel CEO Carsten Knobel said: “As part of our strategic framework for . . .
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