BEAUTY
Shiseido acquires Drunk Elephant
Date Posted: Tuesday 8th October 2019
Shiseido has acquired beauty brand Drunk Elephant, in a transaction valued at approximately $845 million. The move is the latest move in the Japanese beauty company's global reach. Drunk Elephant launched in 2013 and has helped to pioneer the clean beauty movement.
The acquisition is due to close before the end of 2019.
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