Beauty – Sector and M&A report

Beauty is now in ‘the eye of the acquirers’

The M&A market for beauty products has reached a tipping point – ‘acquire, or be acquired’. Consolidation is being driven by large strategic players, who are systematically acquiring smaller players as they emerge. Private equity is also ramping up investments and boosting valuations. The ‘Global 30’ enjoy a massive buying advantage over the rest of the market, which is made up of mainly small businesses with specialized offerings. These giant groups have a genuine need to add growth assets to their portfolios,
and are eager buyers of innovation, creativity, potential for geographic expansion, and digital and social connections. (They struggle to foster innovation themselves, and rarely create brands from the ground up any more.) Meanwhile midcaps are acquiring for scale and new capabilities in related categories that can be added to product portfolios…

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The full report is available on request here