“Companies are back working on acquisitions,” said Ariel Ohana, partner at Paris-based Ohana & Co. investment bank. “There’s been a real change in the atmosphere in the last few weeks. There’s probably a feeling that in terms of consumer spend, the worst is behind us. So people are positioning themselves now to make acquisitions.”
While merger-and-acquisition activity percolates, strategic buyers are coming to the fore. Beauty brands strong in alternative channels, such as television shopping or specialty retailing, are considered to be among prime candidates for takeover, as are natural or eco-friendly brands, experts agree. What’s more, fragrance licenses are being signed and changing hands at an ever-faster rate.
To read the full article, visit http://www.wwd.com/business-news/m-a-companies-hunt-for-beauty-targets-2363930?src=nl/wkBeauty/20091106&browsets=700808942527
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