RéVive Skincare is under new ownership.
The skincare brand, founded in 1997 by Dr. Gregory Brown, was acquired by the Changsha, China-based conglomerate S’Young Group from Tengram Capital Partners. Terms of the deal were not disclosed.
The brand’s CEO Elana Dorell Seifer confirmed the acquisition in a statement to WWD.
Tengram acquired the business from Shiseido in 2017, with Dorell Seifer named CEO and John Elmer named chief financial officer and chief operating officer. “Dr. Brown and the management team will continue in their current roles and the company will remain independently operated,” the statement continued.
At the time Tengram acquired the brand, sales were said to be around $15 million. According to reports, RéVive was rumored to be considering contract options in 2022. Sales were then said to be around $30 million.
In 2022, S’Young Group acquired minority stakes in luxury skincare products Eviden de Beauté and Pier Auger. The company’s overall sales in 2023 are estimated at $640.5 million.
Earlier this month, Tengram sold its HRB brands, including Alberto VO5, Zest and Coast, to Sodalis Group for a rumored price of around $200 million.
A number of beauty companies explored deal options this year, with mixed success. TSG Consumer Partners acquired a majority stake in Summer Fridays in July. The rumored sellers, including Osea, Kosas, Glossier, Rare Beauty and Merit, have yet to close a deal.
Ariel Ohana of Ohana & Company advised Tengram on the sale, and Gibson Dunn served as legal advisor.
