Nivea owner Beiersdorf is to acquire the Chantecaille beauty brand as part of plans to grow its prestige beauty portfolio.
The deal values the business at between $590 million and $690 million.
Founded by Sylvie Chantecaille in 1997, Chantecaille offers a range of skin care, fragrance and cosmetic products that are made with botanical ingredients. Based in New York, the company is expected to generate global sales in excess of €100 million in 2021.
Chantecaille will continue to be managed separately as a complementary brand within Beiersdorf Group next to La Prairie following the acquisition.
