Shiseido to acquire Dr. Dennis Gross Skincare, a dermatologist-led beauty brand

Shiseido, a leading Japanese cosmetics company, has announced its plan to acquire Dr. Dennis Gross Skincare, a prestigious skincare brand founded by a dermatologist and a former skin cancer researcher.

The deal, which is expected to close in the first quarter of 2024, will enhance Shiseido’s global portfolio of skin beauty brands and boost its growth and profitability in the Americas.

Shiseido Americas President and CEO and Global M&A Leader for Shiseido, Ron Gee, added, “We have long-admired what Carrie Gross has built through innovation and disruption of the beauty industry as well as the unique way in which the brand delivers credible and effective products through research, accessibility and education.

We are also excited to work with Dr. Dennis Gross, a practicing, world-renowned, board-certified dermatologist whose work has attracted a loyal and highly engaged consumer base. With our deep commitment to our teams and our consumers, I know Dr. Dennis Gross Skincare will thrive in the Shiseido portfolio.”

Dr. Gross, Co-Founder of Dr. Dennis Gross Skincare and Chief Science Officer and Carrie Gross, Co-Founder and Chief Executive Officer said, “We launched Dr. Dennis Gross Skincare in 2000 with the mission of making a difference in the lives of all people everywhere by helping them achieve healthier skin.

We’ve built an incredible brand with a deep clinical foundation and loyal consumer base, and we are thrilled to have found a partner that shares our values. With its long and rich heritage blending beauty with science, Shiseido is the ideal home for Dr. Dennis Gross Skincare, and we look forward to partnering with the Shiseido team as we continue developing innovative products and skincare solutions that deliver visible results.”

Goldman Sachs explores partial sale of private wealth business

Golden Rock to buy 2mee, a communication platform for influencers, in a £6-8mn deal