The L'Occitane Group is acquiring an 83% stake in US beauty brand Sol de Janeiro, based on a valuation of US$450 million.
Co-founded in 2015 by current CEO Heela Yang after spending time in Brazil with her Japanese-Brazilian husband, Sol de Janeiro had about US$60 million in net sales is 2020, selling both directly to consumers through its website and through various premium retailers across the globe.
Heela Yang took inspiration in the way Brazilian women love and take care of their body...

- Industry buzz

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