Investment firm Tengram Capital Partners has acquired luxury skin care brand RéVive from Shiseido for an undisclosed amount.
The US-based private equity company specialies in branded consumers products. Its portfolio includes This Works, Nest Fragrances, Algenist and beauty boutique group, Cos Bar.
“RéVive has always been known for the quality and efficacy of its products. Its performance and positioning is well poised to appeal to a discerning skincare consumer domestically and internationally via both current and new channels of distribution,” said Elana Drell Szyfer, Operating Advisor at Tengram.
Shiseido Americas will continue to provide supply chain, distribution and other support services during the transition.
Marc Rey, President & CEO of Shiseido Americas, said: “RéVive is a wonderful skin care brand.
“We are confident it will be well supported by Tengram while Shiseido focuses on continuing growth across our strategic portfolio of brands and businesses.”
Founded by plastic and reconstructive surgeon Dr Gregory Bays Brown, RéVive is inspired by patented and Nobel Prize winning science, that Dr Brown used to heal burn victims.
Shiseido Americas acquired RéVive in 2016 as part of its acquisition of Gurwtich Products LLC from Alticor.