L’Oréal has announced the signing of an agreement to acquire Japanese company Takami Co., which develops and markets products licensed by the skin care brand Takami.
Previously: L'Oreal's SkinCeuticals Announces Leadership Changes
L’Oréal also renewed a long-term brand licensing agreement with owner Doctor Hiroshi Takami and signed a collaboration contract with the Takami clinics.
Takami was founded in 1999 and is a premium skin care brand. The brand achieved sales revenue of approximately €50M in 2019.
Cyril Chapuy, president of L’Oréal Luxe, said: “We are very pleased to welcome the Takami brand into our portfolio. Its reputation in Asia matches the remarkable quality of its products. Its expertise in prestigious beauty treatments and its omnichannel distribution make it a very complementary brand within L’Oréal Luxe."
Jérôme Bruhat, president of L'Oréal Japan, said: “The Takami brand teams led by Mr. Okamura have been able to build a strong reputation in skin care expertise, a unique visual identity and a core group of loyal customers in Japan. These are the pillars of the brand’s success that we will grow further in the future.”
Yuji Okamura, president and owner of Takami Co, said: “Born from the expertise of the aesthetic and dermatological Takami clinics, our products provide the quality and the efficacy expected by the most demanding Japanese consumers. After 21 years of growth in Japan, we are thrilled to join the L’Oréal Group, the world’s leading beauty company, which will allow us to develop our brand thanks to its scientific and international expertise.”