China’s S’Young Group has officially acquired the U.S. beauty brand RéVive Skincare, further enhancing its international presence in the beauty industry. The terms of the deal remain undisclosed.
The Changsha-based conglomerate purchased the skincare brand, originally founded in 1997 by Dr. Gregory Brown, from Tengram Capital Partners. Tengram had previously acquired RéVive Skincare from Japanese beauty giant Shiseido in 2017.
In a statement from RéVive Skincare’s CEO, Elana Drell Szyfer, it was confirmed that Dr. Brown and the current management team will retain their roles, and the company will continue to operate independently.
Ariel Ohana of Ohana & Co. provided advisory services to Tengram during the sale, while legal counsel was handled by Gibson Dunn.
RéVive Skincare has experienced significant growth, with revenues rising from approximately $15 million in 2017 to an estimated $30 million in 2022.
Tengram’s sale of RéVive comes shortly after the investment firm sold HRB Brands—parent company of Alberto VO5, Zest, and Coast—to Sodalis Group for an estimated $200 million.
S’Young Group has a history of strategically reshaping its beauty portfolio. In 2022, the company acquired the luxury skincare brand EviDenS de Beauté, which continues to operate independently under its existing management team.
A key player in beauty manufacturing and distribution, S’Young Group has collaborated with a range of global brands, including Kiko, Lumene, Dr. Ci, Johnson’s, Neutrogena, and Listerine.
With the Chinese beauty market projected to reach $16.51 billion in 2024, S’Young Group’s acquisition of RéVive Skincare positions the company to capitalize on this growing sector.
Related topic:
10 Most Popular Skin Care Brands
6 Countries With The Best Skin Treatment In The World
Is Thailand Good for Plastic Surgery?
