Jurlique International today signed a share purchase agreement with POLA Orbis Holdings Inc (POLA); the latter is to acquire 100% of the shares of Jurlique. The existing management team will continue with the company and work closely with POLA to leverage synergistic opportunities. The transaction is scheduled to close once certain regulatory and commercial approvals are received.
Organic and biodynamic skincare company Jurlique describes itself as a vertically integrated leader in the natural skincare market. Founded in 1985, the brand features plants and botanicals grown on a company owned, 153-acre biodynamic farm in Australia, together with other globally-sourced, natural ingredients.
Jurlique has a multi-channel business model that encompasses concept stores, department stores, specialty retailers, spas, travel retail, and e-commerce in Australia, Asia, the US and Europe. Jurlique is the leading skin care brand in its home market of Australia, and is experiencing significant growth throughout the Asian region.
Founded in 1929, POLA Orbis is the fourth leading cosmetic company in Japan. It also operates in overseas markets, including China and Russia, employing a multi-channel strategy with multiple brands to meet diversified customer demands and increase market share.
With its 29 consolidated subsidiaries, POLA Orbis had consolidated sales of ¥165.2 billion (US$2 billion) for the fiscal year ending 31 December 2010.
Jurlique President & CEO Sam McKay stated: “The POLA transaction represents a significant and exciting milestone for Jurlique. Our brand is well positioned with a strong presence and compelling momentum in key strategic markets, with a focus on Asia, the Americas and our home market Australia. I look forward to working closely with POLA to pursue opportunities to further accelerate growth on a global scale; both in terms of greater penetration of existing multi-channel distribution and geographic expansion.”
He continued: “We are fortunate to have passionate and talented employees, supportive business partners and loyal customers, all of whom have played a significant role in growing Jurlique globally.”
Jurlique Chairman John Hansen stated: “Jurlique is a special brand that is uniquely positioned to own the global natural skincare market. POLA is a wonderful partner for Jurlique and we will watch with interest as the brand continues to go from strength to strength.”
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