Joey New York has acquired the JOEY NEW YORK brand of skincare and beauty products through its acquisition of RAR Beauty.
"The Joey New York brand will now have expanded access to the capital needed to develop once again into a significant brand in the skincare, cosmetics and personal care industry; not only through organic growth but through strategic acquisitions of companies in which we can integrate into the Joey New York brand business model," said Richard Roer, president of Joey New York.
Revlon will soon be back in the salon business. Its wholly owned operating subsidiary, Revlon Consumer Products Corp., has signed a definitive agreement to acquire all of the stock of The Colomer Group, a privately-held company focused on the professional salon channel, for a cash purchase price of $660 million. The announcement was made Aug. 5, and the acquisition is expected to close in the fourth quarter of 2013.
The year 2011 will be remembered as a fairly active one when it comes to the acquisition of brands found in beauty retailers. And where there are new owners, there are new opportunities created. So here’s a look at what happened in the beauty-retail landscape this year through mid-October. And from what we at Beauty Store Business see and hear, deals will continue into 2012. Therefore, other opportunities will develop for you, so stay turned.