THE WHAT? While the financial terms of Kering’s acquisition of Creed were not disclosed officially, the Financial Times and Reuters are reporting that the owner of Gucci paid €3.5 billion for the fragrance house.
THE DETAILS The all-cash transaction is expected to close in the second half of the year and will further Kering’s ambition to build an in-house beauty arm.
THE WHY? The details of the transaction were being kept under wraps in order to keep Creed’s profit margins secret, Reuters reveals, quoting the Financial Times’ report. Neither Kering or Creed responded when approached by Reuters for comment.
Buying aesthetics supplies typically involves sourcing these items from licensed distributors, manufacturers, or specialized suppliers who cater specifically to the needs of aesthetic professionals. These supplies are integral to performing aesthetic treatments aimed at enhancing skin appearance, addressing various skin concerns, and improving overall beauty and wellness.
Examples of aesthetics supplies include:
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Dermal Fillers: Injectable substances used to add volume and reduce wrinkles.
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Botulinum Toxin (Botox): Injectables used to temporarily relax facial muscles and reduce wrinkles.
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Laser Devices: Equipment used for hair removal, skin rejuvenation, tattoo removal, and other laser treatments.
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Chemical Peels: Solutions applied to the skin to exfoliate and improve texture.
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Microdermabrasion Devices: Tools used for mechanical exfoliation to rejuvenate skin.
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Microneedling Devices: Devices that create tiny punctures in the skin to stimulate collagen production.
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Cosmeceuticals: Skincare products that contain biologically active ingredients with pharmaceutical-like benefits.
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Sterilization and Disinfection Products: Essential for maintaining hygiene and preventing infections in clinical settings.
