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Grown Alchemist Completes Change of Ownership.
Biological beauty brand, Grown Alchemist, has become privately-held after L'Occitane Group's former CEO, André Hoffmann, acquired a controlling majority stake.
The brand aims to accelerate growth in key markets such as North America and China, with a focus on large-scale partnerships and activations in lifestyle, music, and retail.
The transaction price was disclosed as 28 million Euros.
Grown Alchemist CEO Anna Teal becomes a minority shareholder.
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Un alquimista adulto completa el cambio de propiedad.