Beiersdorf has announced that it has entered into a definitive agreement to acquire Chantecaille Beaute Inc. Depending on the future development of the Chantecaille business, the enterprise value is between USD 590 million and USD 690 million. The company will continue to be managed separately as a complementary selective brand in the Beiersdorf Group next to La Prairie. The completion of the transaction is subject to merger control clearance as well as further customary closing conditions and is expected to close in the first quarter of 2022.

Founded by Sylvie Chantecaille in 1997, Chantecaille offers innovative skincare, fragrance and cosmetics products based on botanical ingredients combining efficacious formulas with a strong focus on sustainability and philanthropy.