RéVive Skincare has been acquired by acquired by Changsha, China-based conglomerate S’Young Group.
The skin care brand, founded in 1997 by Dr. Gregory Brown, was sold by Tengram Capital Partners. Terms of the deal were not disclosed.
Elana Drell Szyfer, the brand’s chief executive officer, confirmed the acquisition in a statement to WWD.
Tengram bought the business from Shiseido in 2017. Drell Szyfer was named CEO, and John Elmer was named chief financial officer and chief operating officer of the company. According to the statement, Dr. Brown and RéVive’s management team “will continue their current roles and the company will maintain independent operations.”
At the time of Tengram’s acquisition of the brand, sales were said to be around $15 million. In 2022, RéVive was rumored to be exploring deal options, with sales of roughly $30 million.
S’Young Group acquired Evidens de Beauté, a luxe skin care range, as well as a minority stake in Pier Augé, in 2022. Sales for the company overall were estimated to be $640.5 million in 2023.
Tengram also recently sold HRB Brands — which includes Alberto VO5, Zest and Coast — earlier this month to Sodalis Group, for around $200 million, WWD previously reported.
This year, a slew of beauty companies have explored deal options — with checkered success. TSG Consumer Partners acquired a majority stake in Summer Fridays in July; while rumored sellers Osea, Kosas, Glossier, Rare Beauty, Merit and others have yet to transact.
Ariel Ohana of Ohana & Co. advised Tengram on the sale, while Gibson Dunn provided legal counsel.
