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Lique, Tattoo Junkie and Remi Rose are part of the deal.
November 2, 2020
By: Happi Staff
HatchBeauty Brands has purchased the beauty brand portfolio of Duncan Enterprises, including Lique, Tattoo Junkie, Remi Rose and BE Beauty Essentials. The acquisition will strengthen its position as an authority on trend democratization within the beauty and wellness landscape, said HatchBeauty, which is based on Los Angeles. Terms of the deal were not disclosed. “We are excited to welcome the Duncan Cosmetics team into the HatchBeauty Brands family. This acquisition strengthens our commitment to ensuring consumers everywhere have access to affordable and efficacious beauty and wellness products,” said HatchBeauty Brands President Preston Bottomy, in a statement.“In the months ahead, we look forward to sharing expertise between our teams and leveraging a broader brand portfolio across our network of retail partners.” Founded in 1944, Duncan Enterprises and its Duncan Cosmetics brands serve Gen X, Millennial and Gen Z consumers with a range of products. The brands currently retail at Target, Kohls, Urban Outfitters and Dollar Tree. “The Duncan beauty team is thrilled to be part of the HatchBeauty Brands family of brands. This acquisition will maximize new product innovation and sales distribution for both companies and create a powerhouse of beauty and wellness brand products for our consumers and retailer partners. Our shared vision, values, and passion for the beauty industry align perfectly with HatchBeauty Brands, and together we are going to do big things,” noted Duncan President and CEO Larry Hermansen.
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