Shiseido is set to acquire skin care brand Dr. Dennis Gross.
Shiseido Americas Corporation, a subsidiary of Shiseido, has entered into an agreement to acquire DDG Skincare Holdings, the owner of Dr. Dennis Gross, for an undisclosed sum.
Shiseido said Dr. Dennis Gross Skincare is a “synergistic complement” to its portfolio of prestige brands, which also includes Clé de Peau Beauté.
“This transaction is well-aligned with Shiseido’s 2030 goal of becoming a personal beauty wellness company that supports people in realizing unique beauty and wellness throughout their lives. Dr. Dennis Gross Skincare is the perfect complement to our global portfolio of prestige brands as their core values are aligned with ours in terms of their scientific and innovative approach to beauty and our people-first culture,” Masahiko Uotani, chairman and CEO of Shiseido, said in a statement. “I am confident Dr. Dennis Gross Skincare will accelerate our growth in the Americas, a region that has experienced strong business performance, thanks to our portfolio of exceptional brands.”
Dr. Dennis Gross, a former skin cancer researcher and practicing dermatologist, launched his namesake skin care brand in 2000 alongside his wife, Carrie Gross. The brand has a philosophy rooted in technology, dermatology and research.
The deal is expected to close in the first quarter of 2024 and is subject to customary regulatory approvals and closing conditions.
