Why it matters: Bondi Sands is the latest major local brand to being acquired
Japan’s Kao will pay more than $400 million to purchase the suntanning label
It follows the $3.7 billion sale of Aesop and with Zimmermann is on the market
Homegrown self-tanner and skincare brand Bondi Sands has been offloaded to Japan’s chemical and beauty giant Kao Corporation in a cash deal estimated to be worth $450 million.
The Tokyo-listed Kao owns skincare brands Bioré and Jergens, salon haircare brands Oribe and KMS, and fragrance brand Molton Brown.
Loading...
Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
