THE WHAT Global investment group Eurazeo has announced the majority stake purchase of Beekman 1802.
THE DETAILS Clean beauty brand Beekman 1802 has a range of prestige skin and body care products made from microbiome science and contain goat’s milk.
Eurazeo is investing US$62 million out of a total of US$92 million to acquire a majority stake alongside co-investors Cohesive Capital Partners and the Cherng Family Trust.
As part of Eurazeo’s investment, Marc Rey, former CEO of Shiseido Americas, will join the Company’s Board of Directors as Chairman, alongside Adrianne Shapira, Managing Director, and George Birman, Principal at Eurazeo.
THE WHY Eurazeo’s financial investment will help Beekman 1802 expand across multiple channels, categories, and geographies.
Brent Ridge and Josh Kilmer-Purcell, Beekman 1802 co-founders, said, “When we started Beekman 1802 over a decade ago, we were focused on helping our community; over the years we have been fortunate to grow that community near and far through our unique products that are kind to sensitive skin and our use of Kindness as a framework for wellness and well-being. Today we couldn’t be more excited to embark on Beekman’s next journey together with Eurazeo, a partner with strong brand building expertise that will help us grow our community of neighbors and spread kindness globally.”