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CEO Kaner will remain president of the company.
December 20, 2017
By: Melissa Meisel
Kao USA Inc., a wholly owned subsidiary of Kao Corporation, a leading manufacturer and marketer of top beauty brands recognized around the world for innovation and quality, announced today it has signed an agreement to acquire Oribe Hair Care, LLC from its owners, including Luxury Brand Partners, LLC, an innovator in beauty known for its artist-driven brands and entrepreneurial culture. Daniel Kaner, co‐founder and currently co-president of Oribe Hair Care will be named president of the newly acquired entity. The terms of the deal were not disclosed at press time. Oribe will join the Kao Salon Division portfolio of professional brands, including Goldwell and KMS. The Oribe business will continue to be based in New York City under current management, reporting to Kao Salon Division. The acquisition is subject to normal regulatory review and approval.
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