The leader in luxury beauty in China has just announced the acquisition of French company Payot, which has been specializing in professional skin care for over a century. Ushopal intends to further expand the brand’s audience, which is already present in 70 countries.
Ushopal continues to fill its basket with high-end European beauty brands.
Claiming the title of “leading luxury beauty group based in China”, it has just finalized the acquisition of Payot, which it describes in a press release as a “French icon in skin care”.
Portfolio of high-end brands
Having already bought in 2022, the British luxury skincare brand Argentum Apothecary and invested in the French niche perfume house Juliette Has a Gun, founded in 2006 by Romano and Antina Ricci, the great-grandchildren of Nina Ricci, Ushopal is thus strengthening its portfolio of high-end brands in skincare, cosmetics and fragrances.
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Featured photo: © Payot
