Tarte Cosmetics Sold to Kose Corp.
Japanese beauty player Kose Corp. recently announced the purchase of Tarte Cosmetics, which it will use as an inroad to the U.S. market. Kose's acquisition of a 93.5% stake in the company is said to be worth $135 million. Tarte's tagline is "high-performance naturals," as the brand follows an environmentally responsible approach to ingredients and packaging. The brand is said to be growing at 30% annually.
Kose is buying out Encore Consumer Capital's entire stake in the American beauty company, as well as most of Tarte founder Maureen Kelly's shares. According to Kose, Tarte's existing management will remain in place.
Kose's portfolio of brands includes Cosme Decorte, Awake, and Sekkisei, as well as licensing agreements for Jill Stuart and Paul Stuart.
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|Title Annotation:||beauty Buzz|
|Date:||Apr 1, 2014|
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