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 . . .
This is a small extract of the full article which is available ONLY to premium content subscribers. Subscribers sign-in (top right) to read the article.
Subscribe now to premium content on Cosmetics Business