Shiseido to acquire Drunk Elephant™ for $845 million
Clients Shiseido Americas Corporation
Jones Day is advising Shiseido Americas Corporation in its $845 million acquisition of Drunk Elephant™.
Drunk Elephant is a VMG Partners-backed leading and fast-growing prestige skincare brand and a recognized expert in developing clean-compatible and effective products.
Shiseido Americas Corporation is a subsidiary of Tokyo-based Shiseido Company Limited (TSE: 4911) with a portfolio of prestige beauty brands, including Shiseido, NARS, Clé de Peau Beauté, bareMinerals, Laura Mercier, and several prestige fragrance brands including Issey Miyake, narciso rodriguez, and Dolce & Gabbana.
The acquisition, which is subject to regulatory approval and customary closing conditions, is expected to be completed later in the fourth quarter of 2019.