PARIS & LOS ANGELES--(BUSINESS WIRE)--LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, has completed the acquisition of Ole Henriksen, a leading botanical skincare company founded and owned by its namesake. Terms of the transaction were not disclosed.
The acquisition of Ole Henriksen is aligned with the strategies of LVMH, which include identifying brands with strong, long-term potential and helping them to capitalize on it. In the perfumes and cosmetics sector, specifically, the Group has a strong track record of successfully partnering with innovative brands such as Benefit, Make Up For Ever, and Fresh. These brands have each achieved significant growth as part of LVMH’s portfolio and they are positioned for continued success.
Ole Henriksen, the namesake of the brand, is a world-renowned skincare specialist. In 1985, following studies in cosmetic chemistry, along with his hands-on experience treating Hollywood’s most famous complexions at his Los Angeles spa, he created the ultimate in at-home luxury – botanical-based skincare that treats the face and body while helping to achieve overall health and wellness. The brand is currently sold at Sephora as well as spas in a total of 22 countries. LVMH will focus on future product development breakthroughs as well as expanding its international distribution.
“I am thrilled to join LVMH. Supported by the global knowledge of the leading luxury products group, I am confident my brand can expand its presence well beyond what we have achieved today to become a world-recognized and most highly desired brand in the skincare market,” explained Ole Henriksen, Founder of Ole Henriksen.
“Ole Henriksen has developed a unique skincare brand, with great consumer appeal and clear prospects for continued success. We are proud to welcome Ole Henriksen into the LVMH family and participate in the next phase of its development. In particular, Ole Henriksen will benefit from working closely with Sephora -- our fast-growing, global prestige beauty retailer -- to accelerate the brand’s worldwide expansion,” commented Antonio Belloni, Group Managing Director of LVMH.
Demeter Group, the San Francisco-based investment bank for growth Consumer and Retail companies, acted as exclusive financial advisor to Ole Henriksen. Mr. Henriksen will remain the brand’s Visionary/Creative Director. The Company, which will continue to be based in Los Angeles, expects to appoint a new CEO in early 2011, who will report to David Suliteanu, CEO and President of Sephora Americas.
About Ole Henriksen
Celebrate life, celebrate yourself and you will always look beautiful! 36 years ago, Ole Henriksen opened OLEHENRIKSEN FACE/BODY SPA relaxation and treatment mecca for Hollywood's elite and A-List celebrities. He followed years later with his namesake skin care line all based on the premise that he wanted to help his clients elevate their skin to be the very best it could be. Developing his brand around how he lives his own life, Ole incorporates the best natural ingredients to treat and nourish the body and skin as well as practicing healthy lifestyle habits. Today, Ole's award winning formulations represent the best of nature and science providing highly effective solutions for every skin type and concern. OLEHENRIKSEN Nature - Science - Beauty - Wellness ... Please visit www.olehenriksen.com.
About LVMH
LVMH Moët Hennessy Louis Vuitton is the world's leading luxury goods group. LVMH is present in the Perfumes and Cosmetics sector with Parfums Christian Dior, Guerlain, Parfums Givenchy, Parfums Kenzo, Perfumes Loewe as well as other promising cosmetic companies (BeneFit Cosmetics, Make Up For Ever, Acqua di Parma and Fresh). The Group is represented in Wines and Spirits by a portfolio of brands that includes Moët & Chandon, Dom Pérignon, Veuve Clicquot Ponsardin, Krug, Ruinart, Château d'Yquem, Hennessy, Glenmorangie, Ardbeg, Belvedere Vodka, Chopin, 10 Cane, Chandon, Cloudy Bay, Terrazas de los Andes, Cheval des Andes, Green Point, Cape Mentelle, Newton. Its Fashion and Leather Goods division includes Louis Vuitton, the world's leading luxury brand, as well as Celine, Loewe, Kenzo, Givenchy, Thomas Pink, Fendi, Emilio Pucci, Donna Karan, Marc Jacobs, Berluti and StefanoBi. LVMH is also active in selective retailing through DFS, Sephora in Europe and the United States, Le Bon Marché and la Samaritaine. LVMH's Watches and Jewelry division comprises TAG Heuer, Chaumet, Christian Dior Watches, Zenith, Fred, Hublot and De Beers Diamond Jewellers Limited, a joint venture created with the world’s leading diamond group. Please visit www.lvmh.com.