Shiseido Americas Corporation, a subsidiary of Shiseido, makes a highly strategic transaction, adding dermatologist-led prestige brand Dr. Dennis Gross Skincare to its portfolio. Dr. Dennis Gross Skincare was a BeautyMatter 2023 FUTURE50 brand.
WHO: Dr. Dennis Gross Skincare was launched in 2000 by former skin cancer researcher and practicing dermatologist Dr. Dennis Gross and his wife, Carrie Gross. The brand's groundbreaking, two-step Alpha Beta Daily Peel created a new category of dermatologist-developed skincare and disrupted the industry. With innovative, patented formulas incorporating simple, straightforward instructions, clients became instant believers.
Shiseido was founded in 1872 as the first private Western-style pharmacy in Japan. The business gradually evolved into a cosmetics company, offering people the most advanced technology and the finest aesthetics available worldwide, and is now known globally as the premier cosmetics company with roots in Japan. Fiercely contemporary and innovative after over 150 years in business, Shiseido Group brands are now sold in over 120 countries and regions.
WHY: In support of Shiseido’s corporate mission, “Beauty Innovations For A Better World," the acquisition of Dr. Dennis Gross Skincare is a synergistic complement to the business' skin beauty strategic framework and global portfolio of prestige brands. With the addition of Dr. Dennis Gross Skincare, Shiseido seeks to accelerate and strengthen its core prestige skincare business, including Shiseido and Clé de Peau Beauté. This acquisition bolsters the company’s geographic diversification and reinforces its investment in the Americas, to accelerate growth and increase profitability in the region.
As part of the Shiseido portfolio, Dr. Dennis Gross Skincare will leverage the Company’s vast global support network, commercial experience, and R&D expertise, enabling the brand to accelerate its ambitious growth plans. Shiseido’s proven expertise in skincare will facilitate Dr. Dennis Gross Skincare’s long-term growth trajectory.
IN THEIR OWN WORDS: Masahiko Uotani, Chairman and CEO of Shiseido, said, “This transaction is well-aligned with Shiseido’s 2030 goal of becoming a personal beauty wellness company that supports people in realizing unique beauty and wellness throughout their lives. Dr. Dennis Gross Skincare is the perfect complement to our global portfolio of prestige brands as their core values are aligned with ours in terms of their scientific and innovative approach to beauty and our people-first culture. We are thrilled to welcome the Dr. Dennis Gross Skincare team to the Shiseido family, and I am confident Dr. Dennis Gross Skincare will accelerate our growth in the Americas, a region that has experienced strong business performance, thanks to our portfolio of exceptional brands.”
Shiseido Americas President and CEO and Global M&A Leader for Shiseido, Ron Gee, added, “We have long-admired what Carrie Gross has built through innovation and disruption of the beauty industry as well as the unique way in which the brand delivers credible and effective products through research, accessibility and education. We are also excited to work with Dr. Dennis Gross, a practicing, world-renowned, board-certified dermatologist whose work has attracted a loyal and highly engaged consumer base. With our deep commitment to our teams and our consumers, I know Dr. Dennis Gross Skincare will thrive in the Shiseido portfolio.”
Dr. Gross, co-founder of Dr. Dennis Gross Skincare and Chief Science Officer, and Carrie Gross, co-founder and Chief Executive Officer, said, “We launched Dr. Dennis Gross Skincare in 2000 with the mission of making a difference in the lives of all people everywhere by helping them achieve healthier skin. We’ve built an incredible brand with a deep clinical foundation and loyal consumer base, and we are thrilled to have found a partner that shares our values. With its long and rich heritage blending beauty with science, Shiseido is the ideal home for Dr. Dennis Gross Skincare, and we look forward to partnering with the Shiseido team as we continue developing innovative products and skincare solutions that deliver visible results.”
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