In Brands, Finance

Kao USA announced it has signed an agreement to acquire Oribe Hair Care from Luxury Brand Partners. While the terms of the transaction were not released, industry sources estimated Kao will pay between $400 million and $430 million for the brand. It’s worth mentioning that Oribe has had a strategic alliance with Kao’s Goldwell brand, which has been focused on education, professional support, and marketing since 2015.

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