Update (February 1, 2022): Beiersdorf has completed its acquisition of Chantecaille Beaute Inc., USA, which is now part of the consumer business.
In 2021, Chantecaille generated global sales in excess of $100 million.
“Today’s closing of the Chantecaille transaction marks another important milestone in the implementation of our C.A.R.E.+ strategy," said Patrick Rasquinet, member of the executive board for pharmacy and selective brands. "Chantecaille complements our portfolio in prestige beauty with innovative skin care, cosmetics and fragrance products that are based on botanical ingredients. In addition, the new brand will further accelerate our growth in the North American and Asian markets. I’m convinced that together with its dedicated team we will develop Chantecaille to the next level and continue to grow the brand as a leader in natural beauty.”
Previously: Beiersdorf is acquiring prestige beauty brand Chantecaille. The transaction is expected to close in the first quarter of 2022.
Chantecaille is forecast to generate global sales in excess of $100 million in 2021.
The brand will continue to be managed separately as a complementary selective brand in the Beiersdorf Group next to La Prairie.
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Depending on the future development of the Chantecaille business, the enterprise value is between $590 million and $690 million.
Vincent Warnery, CEO of Beiersdorf, said: "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. 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.”
Sylvie Chantecaille, CEO and founder of Chantecaille, said: "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."