Shiseido Company, Limited announced that a resolution was adopted by the Board of Directors on December 20, 2023, upon discretionary approval of the Representative Director for the terms and conditions, to acquire DDG Skincare Holdings LLC. DDG is a leading company offering dermatologist-led, science-based prestige skincare.
To complete this transaction, Shiseido Americas Corporation (headquartered in Delaware, USA), a consolidated subsidiary of Shiseido has signed a definitive agreement to acquire DDG on December 22, 2023 (JST December 23, 2023).
This acquisition will provide the following benefits to Shiseido to drive further growth, such as 1) Adding a highly complementary brand to our existing portfolio, 2) Driving growth and profitability in a critical market in the Americas business, 3) Creating synergistic effects with Shiseido’s strengths, bolstering innovation and driving global business growth.
Launched in New York City in 2000, Dr. Dennis Gross Skincare is a skincare brand founded by former skin cancer researcher and practicing dermatologist Dr. Dennis Gross along with his wife Carrie Gross. Their mission is ”To make the difference in the lives of all people everywhere by helping them have healthier skin.” Together, they disrupted the beauty industry by asking people to peel daily with their now-iconic Alpha Beta® Daily Peels.
Amanda Plasse Madeline Moore Vilija Bucenkaite Capucine Lamarche
Lyn Akmal Jason Wong Ilhame I. Mikayla Klemm, MBA Diana Horton Claire O'Hern Jessica Tawil TIZIANA BILECI
Chief Executive Officer
4moThanks Sasha and congratulations to you and the team too. Keep in touch.