Shiseido to Acquire Dr. Dennis Gross

Shiseido Company, Limited (Shiseido) announced that its Board of Directors decided on 20 December 2023, with discretionary approval by the Representative Director regarding terms and conditions, to acquire DDG Skincare Holdings LLC (DDG). DDG is a leading company providing science-based prestige skincare managed by dermatologists. Shiseido Americas Corporation, a consolidated subsidiary of Shiseido, signed a definitive agreement to acquire DDG on 22 December 2023 to complete the transaction. Through this acquisition, Shiseido expects increased interest in health and beauty as consumer awareness of "skin health" grows. Dr. Dennis Gross Skincare, a dermacosmetic brand led by physicians, strengthens the company's position in its rapidly growing skincare segment. Beyond complementary synergies with Shiseido's prestige portfolio, the acquisition will provide strategic benefit to the company alongside prestige beauty brands SHISEIDO and Clé de Peau Beauté by leveraging the significant potential of the growing North American market through its premium positioning. The acquisition of a high-growth, profit-enhancing skincare brand will contribute to Shiseido's ongoing expansion in the Americas, a strategically important region for the company. This will enable the company to diversify its geographic scope while addressing imbalances in its revenue streams. The brand, rooted in a philosophy based on research, dermatology and technology, aligns with Shiseido's rich heritage in skincare, global platforms and R&D capabilities. This is expected to accelerate the next growth phase for Dr. Dennis Gross Skincare. Together, both companies are well positioned to capture opportunities in the rapidly growing global skincare market. Source