Popular Australian self tanning company Bondi Sands has been sold to a Japanese beauty large in a deal reportedly value over $400 million.Kao Corporation introduced on Tuesday that it had signed a deal to purchase Bondi Sands and its associated firms.The value of the deal has not been confirmed, nevertheless it’s believed to be value $450 million.Looking for a brand new job or job candidate? Post jobs and seek for native expertise on 7NEWS Jobs >>The Japanese company is the producer and marketer of a number of international beauty manufacturers together with John Frieda, Jergens and Bioré.McDonald’s Australia reveals $1 billion transferAustralian luxurious vogue retailer accused of promoting fakes Following the acquisition of Bondi Sands, Kao Corporation mentioned it would now “put a fair larger focus” on pores and skin safety.“In Australia, the place solar care consciousness is extraordinarily excessive, Bondi Sands has a number one share of the self tanning market, enabling shoppers to obtain a gorgeous, wholesome tan with out the damaging results of the solar,” the company mentioned in an announcement.“With the acquisition of Bondi Sands, Kao will put a fair larger deal with the pores and skin safety class, serving to shoppers to shield their pores and skin from exterior environmental elements to set up a agency place globally within the sunscreen and self-tanning markets.”Bondi Sands sells a spread of merchandise with a deal with tanning, solar care, physique care and skincare. Credit: FbBondi Sands co-founders Shaun Wilson and Blair James. Credit: Instagram Now sold in over 32 international locations, Bondi Sands was based in 2012 by Melburnians Blair James and Shaun Wilson.Alongside tanning foams, moisturisers and mists, Bondi Sands additionally gives a number of solar care, physique care and skincare merchandise.Wilson mentioned the partnership between the 2 firms would give Bondi Sands an “unparalleled alternative” to develop and broaden its product lineup.“Kao’s values and rules match these of Bondi Sands, as we each share an unyielding dedication to delivering revolutionary merchandise that shield the pores and skin and improve the lives of our valued clients worldwide,” he mentioned.“With this partnership, we are able to now confidently discover untapped markets, attain extra clients world wide and proceed to fulfil our company mission.”Myer Centre’s substitute revealed after closure of iconic siteLuxury Escapes opens first retail retailer in MelbournePlay VideoJackie O Henderson went straight to her radio gig from the Logies after-party.Jackie O Henderson went straight to her radio gig from the Logies after-party.
https://7news.com.au/business/bondi-sands-sold-to-japanese-beauty-company-kao-corporation–c-11454685
Bondi Sands sold to Japanese beauty company Kao Corporation
