The 30 Biggest Beauty M&A Deals Since 2019

by · WWD

*Estimated figured were not confirmed by the acquirer, nor listed in external filings.
**Reported figures were sourced from external reports and not confirmed by the acquirer.

  • $2.3 Billion

    Founder: Tom Ford
    Company: Tom Ford International
    Acquirer: The Estée Lauder Cos.
    Year: 2022

  • $1.7 Billion

    Founder: Nicola Kilner
    Company: Deciem
    Acquirer: The Estée Lauder Cos.
    Year: 2024

  • $1.3 Billion

    Founder: Dean Christal
    Company: Olaplex
    Acquirer: Advent International
    Year: 2020

  • $1.2 Billion (EST.)*

    Founders: Giorgos Tsetis, Roland Peralta, Sophia Kogan
    Company: Nutrafol
    Acquirer: Unilever
    Year: 2022

  • 1.2 Billion Pounds (EST.)*

    Founder: Charlotte Tilbury
    Company: Charlotte Tilbury
    Acquirer: Puig
    Year: 2022

  • 1 Billion Euros (EST.)*

    Founder: Ben Gorham
    Company: Byredo
    Acquirer: Puig
    Year: 2022

  • $845 Million

    Founder: Tiffany Masterson
    Company: Drunk Elephant
    Acquirer: Shiseido
    Year: 2019

  • $700 Million (EST.)*

    Founder: Suveen Sahib, Britta Cox
    Company: K18
    Acquirer: Unilever
    Year: 2023

  • $700 Million (EST.)*

    Founder: Dr. Roshini Raj, Ken Landis and Dan Reich
    Company: Tula
    Acquirer: Procter & Gamble
    Year: 2021

  • $640 Million (EST.)*

    Founders: Monique Rodriguez, Melvin Rodriguez
    Company: Mielle Organics
    Acquirer: Procter & Gamble
    Year: 2023

  • $640 Million

    Founder: Ju Rhyu
    Company: Hero Cosmetics
    Acquirer: Church & Dwight
    Year: 2022

  • $600 Million

    Founder: Kylie Jenner
    Company: Kylie Cosmetics
    Acquirer: Coty Inc.
    Year: 2019

  • 571 Million Euros

    Founders: Sylvie Chantecaille, Olivia Chantecaille
    Company: Chantecaille
    Acquirer: Beiersdorf AG
    Year: 2021

  • $500 Million (EST.)*

    Founder: Holly Thaggard
    Company: Supergoop
    Acquirer: Blackstone
    Year: 2021

  • $500 Million (EST.)*

    Founder: Sasha Plavsic
    Company: Ilia
    Acquirer: Famille C Ventures
    Year: 2022

  • $500 Million (EST.)*

    Founder: Vicky Tsai
    Company: Tatcha
    Acquirer: Unilever
    Year: 2019

  • $450 Million (EST.)*

    Founders: Dr. Dennis Gross, Carrie Gross
    Company: Dr. Dennis Gross
    Acquirer: Shiseido
    Year: 2023

  • $420 Million (EST.)*

    Founder: Marianna Hewitt, Lauren Ireland
    Company: Summer Fridays
    Acquirer: TSG Consumer Partners
    Year: 2024

  • $380 Million

    Founder: Bea Dixon
    Company: The Honey Pot Co.
    Acquirer: Compass Diversified
    Year: 2024

  • $375 Million (EST.)*

    Founder: Jen Atkin
    Company: Ouai
    Acquirer: Procter & Gamble
    Year: 2022

  • $383.5 Million

    Founder: Heela Yang, Camila Pierotti, Marc Capra
    Company: Sol de Janeiro
    Acquirer: L’Occitane
    Year: 2022

  • $355 Million

    Founder: Susan Yara, Ben Bennett
    Company: Naturium
    Acquirer: E.l.f. Beauty
    Year: 2023

  • $350 Million (EST.)*

    Founder: David Chung
    Company: Farmacy
    Acquirer: Procter & Gamble
    Year: 2022

  • $350 Million (EST.)*

    Founders: Greg Gonzalez, Joe Cloyes
    Company: Youth to the People
    Acquirer: L’Oréal
    Year: 2021

  • $345 Million

    Founder: Mazdack Rassi, Zanna Roberts Rassi, Georgie Greville, Dianna Ruth
    Company: Milk Makeup
    Acquirer: Waldencast Acquisition Corp.
    Year: 2021

  • $315 Million (EST.)*

    Founder: Nancy Twine
    Company: Briogeo
    Acquirer: The Wella Co.
    Year: 2022

  • $300 Million (EST.)*

    Founder: Dr. Barbara Sturm
    Company: Dr. Barbara Sturm
    Acquirer: Puig
    Year: 2024

  • $300 Million (REP.)**

    Owner: The Creed family
    Company: Creed
    Acquirer: BlackRock Long Term Capital Investment, Javier Ferrán
    Year: 2020

  • $123 million (REP.)**

    Founder: Tata Harper
    Company: Tata Harper
    Acquirer: Amorepacific
    Year: 2022

  • $92 Million

    Founder: Dr. Brent Ridge, Josh Kilmer-Purcell
    Company: Beekman 1802
    Acquirer: Eurazeo, Cohesive Capital Partners, Cherng Family Trust
    Year: 2021