09.14.22
Korean cosmetics giant Amorepacific has entered into a definitive agreement to acquire Tata's Natural Alchemy, LLC (Tata Harper), a pioneer in natural luxury skincare, in a move that further signals the company's intention to continue its penetration of global markets with a firm focus on consumers in North America.
Since its creation in 2010, Tata Harper has strictly adhered to its core principle of clean beauty in everything from product development to packaging. The company uses 100% naturally derived ingredients without any genetically modified organisms (GMOs), toxins, fillers, artificial colors / fragrances, or synthetic chemicals.
With a primary focus on the U.S. market, Tata Harper currently sells its products in 25 online stores, including its own direct-to-consumer website, Net-a-Porter, and Cult Beauty, as well as in over 800 brick-and-mortar retailers such as Sephora, Bluemercury, and Neiman Marcus. Tata Harper received a minority investment from Alliance Consumer Growth in 2015.
The acquisition of Tata Harper will be highly additive to Amorepacific's current offering. By diversifying its distribution channels, Amorepacific will expand its business to the Americas and Europe, while realigning strategies to further broaden its presence in Asian markets.
The closing of the acquisition is expected to occur in early 4Q 2022. Harper, the company's co-founder, will continue to lead the brand.
Since its creation in 2010, Tata Harper has strictly adhered to its core principle of clean beauty in everything from product development to packaging. The company uses 100% naturally derived ingredients without any genetically modified organisms (GMOs), toxins, fillers, artificial colors / fragrances, or synthetic chemicals.
With a primary focus on the U.S. market, Tata Harper currently sells its products in 25 online stores, including its own direct-to-consumer website, Net-a-Porter, and Cult Beauty, as well as in over 800 brick-and-mortar retailers such as Sephora, Bluemercury, and Neiman Marcus. Tata Harper received a minority investment from Alliance Consumer Growth in 2015.
The acquisition of Tata Harper will be highly additive to Amorepacific's current offering. By diversifying its distribution channels, Amorepacific will expand its business to the Americas and Europe, while realigning strategies to further broaden its presence in Asian markets.
The closing of the acquisition is expected to occur in early 4Q 2022. Harper, the company's co-founder, will continue to lead the brand.