UPDATE (February 6, 2024): Shiseido Americas Corporation has completed its acquisition of the Dr. Dennis Gross Skincare brand.
PREVIOUSLY (December 23, 2023): Shiseido Americas President and CEO and Global M&A Leader for Shiseido, Ron Gee, said, “Today’s milestone represents an exciting step toward our goal of becoming a leading personal beauty wellness company. Dr. Dennis Gross Skincare’s leadership in clean, innovative and science-based formulations and its loyal consumer following make it the perfect addition to the Shiseido Americas portfolio, and we look forward to working with the team with a focus on accelerating the brand’s growth plans.”Shiseido is acquiring Dr. Dennis Gross Skincare (DDG Skincare Holdings LLC) to build its dermatologist-backed prestige skin care holdings, which include Shiseido and Clé de Peau Beauté. Terms of the deal were not disclosed.
The acquisition comes amid a dermatological beauty boom in the industry.
Shiseido expects the 24-year-old brand to help drive growth in the Americas region. Dr. Dennis Gross Skincare will also be expanded internationally.
