Beiersdorf To Acquire Luxury Beauty Company Chantecaille Beaute

Beiersdorf AG has entered into a definitive agreement to acquire Chantecaille Beaute Inc., a US-based prestige beauty company. 
 
Depending on the future development of the Chantecaille business, the enterprise value is between $590 million to $690 million, according to Beiersdorf. In 2021, it is expected that Chantecaille’s revenues will top $100 million.
 
Chantecaille Beaute will continue to be managed separately as a complementary selective brand in the Beiersdorf Group next to La Prairie. 
 
Founded by Sylvie Chantecaille in 1997, Chantecaille offers innovative skin care, fragrance and cosmetics products based on botanical ingredients combining efficacious formulas with a strong focus on sustainability and philanthropy. The company is headquartered in New York with global presence and a particular strength in North America and Asia. 
 
“Through the acquisition of Chantecaille, we are bolstering our portfolio in prestige beauty and strengthening our position, especially in the United States, China and Korea, which is a priority of our C.A.R.E.+ strategy,” said Vincent Warnery, CEO of Beiersdorf. “We are pleased to welcome Chantecaille and its dedicated team to the Beiersdorf family. With its strong philanthropic approach, Chantecaille is a clarion voice for global environmental concerns and supports conservation efforts around the world that are in line with Beiersdorf’s sustainability agenda Care Beyond Skin.”
 
“We looked very carefully for a great steward that could help take Chantecaille to the next level and continue to further Chantecaille’s acceleration as a leader in natural beauty. The fact that Beiersdorf shares the same core values made them an ideal choice,” said Chantecaille.
 
The completion of the transaction is subject to merger control clearance as well as further customary closing conditions and is expected to close in the first quarter of 2022.