Givaudan takes 25% stake in b.kolormakeup & skincare

The Swiss company Givaudan has announced the acquisition of a quarter share in the Italian company b.kolormakeup & skincare, based in Milan.

The flavor and fragrance company has decided to further strengthen its presence in the cosmetics and skincare market. Givaudan is acquiring a 25% stake in the Italian company b.kolormakeup & skincare.

This acquisition is a sign of the number one perfume company’s desire to diversify its activities and expand into other sectors. The company, founded in Zurich in 1895, employs nearly 15,800 people at more than 181 locations.

“By sharing our creative and innovation capabilities, we will be able to generate additional value for our respective customers by presenting a complete offering combining high-level scientific knowledge, design excellence and end-to-end manufacturing,” said Maurizio Volpi, President of Givaudan Perfumes and Beauty.

If this new combination of the two companies is beneficial to Givaudan, which could benefit from better production capacities and accelerate the time to market of its products, this acquisition is also very useful to the Italian group b.kolormakeup & skincare.

Indeed, the cosmetics and skincare specialist will now have access to Givaudan’s ingredient palette and will be allowed to use its patented innovations, notably in perfumery.

“Givaudan’s creative, ingredient and technology capabilities will greatly assist us in evolving our product offering and we will also benefit from Givaudan’s customer base and geographic presence to access new territories. We are also very pleased to share with Givaudan our unique know-how in creation, design and production to bring tomorrow’s products to market“, says Maria-Teresa Sancini, President of b.kolor.

The Italian company b.kolormakeup & skincare realizes 75% of its turnover abroad, and has a large and varied clientele, including some international companies. Each year, the group designs more than 250 products, manufactured in their two factories in Treviglio.

Sotheby’s continues to invest in NFTs

The agreement signed by the two groups also mentions the possibility for Givaudan to take majority control of b.kolormakeup & skincare within three years.

What's Your Reaction?

Excited

Happy

In Love

Not Sure

Silly

LUXUS +

[EN] CLAIRE DOMERGUE, A SPECIALIST IN COMMUNICATION IN THE LUXURY SECTOR, HAS SURROUNDED HERSELF WITH EXPERTS TO CREATE THE FIRST MEDIA DEDICATED TO THE ECONOMIC NEWS OF LUXURY AND FASHION. THE LATTER DRAWS THE ATTENTION OF ITS READERS TO ALL THE MAJOR PLAYERS IN THESE SECTORS WHO SHARE THEIR EXPERIENCES, VISIONS AND KNOW-HOW. MORE THAN A SPECIALIZED WEBZINE, LUXUS PLUS IS A MULTI-SECTOR INFORMATION SYSTEM, WHICH HAS BECOME THE REFERENCE MONITORING TOOL FOR LUXURY AND FASHION PROFESSIONALS. OUR NEWSLETTERS CONTRIBUTE TO MAKE OUR READERS AWARE OF THE CHANGES AFFECTING THE LUXURY INDUSTRIES. THANKS TO AN INCREASED WATCH AND AN EXCELLENT KNOWLEDGE OF THE SECTOR, WE ARE INTERESTED IN THE MAIN ECONOMIC AND TECHNOLOGICAL STAKES OF FASHION, FINE WATCHMAKING, JEWELRY, GASTRONOMY, COSMETICS, PERFUMES, HOTELS, PRESTIGIOUS REAL ESTATE...********[FR] Claire Domergue, spécialiste de la communication dans le secteur du luxe, s’est entourée d’experts pour créer le premier média consacré à l’actualité économique du Luxe et de la mode. Ce dernier attire tout particulièrement l’attention de ses lecteurs sur l’ensemble des acteurs majeurs de ces secteurs qui y partagent leurs expériences, visions et savoir-faire. Plus qu’un webzine spécialisé, Luxus Plus est un système d’information multi-sectoriel, devenu l’outil de veille de référence pour les professionnels du luxe et de la mode. Nos newsletters de veille contribuent en effet à sensibiliser nos lecteurs aux mutations qui touchent les industries du luxe. Grâce à une veille accrue et à une excellente connaissance du secteur, nous nous intéressons aux principaux enjeux économiques et technologiques de la mode, la haute horlogerie, la joaillerie, la gastronomie, des cosmétiques, parfums, de l’hôtellerie, l’immobilier de prestige…