Laura mercier where is it sold

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Or, if you are already a subscriber Sign in. Other options. Close drawer menu Financial Times International Edition. Search the FT Search. Rumours began circling in April this year that the beauty owner was considering selling the North American brands , but would not comment on the speculation.

Shiseido said that under the guidance of AI Beauty, the three make-up brands would be better suited to accelerate their trajectory, as it backs its prestige beauty category. This is the second time in that Shiseido has divested its brand portfolio, following its decision to sell its low-budget personal care brands to CVC back in February.

The deal is subject to regulatory approvals, but is expected to close before the end of the year. Subscriber Help.

Companies Shiseido. Shiseido has been shedding assets to focus on core categories, including skin care, and also recently sold its personal care assets to CVC. Tricia Glynn, partner at Advent, said she sees potential in all three brands, and that the firm will rely on its operating partners, portfolio support group and digital resources to help them achieve global growth.

You May Also Like. The investment also reunites Laura Mercier with its founder, Janet Gurwitch, who is an operating partner at Advent and plans to be involved with the business, she said.

Pascal Houdayer has been appointed chief executive officer for the new AI Beauty business. Advent plans to keep the BareMinerals, Laura Mercier and Buxom teams in place, Glynn said, as well as recruit talent for the business.