Parfums de Coeur has acquired Dr. Teal’s Therapeutic Solutions, a bath brand producer, from Advanced Beauty Inc.
Terms of the deal were not disclosed. PDC is a portfolio company of Yellow Wood Partners LLC.
James Stammer, chief executive officer of Parfums de Coeur, said Dr. Teal’s will complement PDC’s existing lineup of alternative designer fragrances, body sprays, colognes and bath products. Dr. Teal’s, sold in more than 30,000 food, drug and mass doors, is the largest branded Epsom salt name in the U.S. Under Advanced Beauty, Dr. Teal’s sales grew 50 percent over the past five years.
“Dr. Teal’s is a tremendous brand, offering the rare combination of real therapeutic solutions with truly experiential bath and body products,” said Stammer. He plans to pump additional marketing resources into the name to expand the costumer base.
This is the second acquisition for Parfums de Coeur since Yellow Wood purchased the maker of brands such as Bod Man and Body Fantasies in 2012. Yellow Wood added Calgon to Parfums de Coeur’s lineup early in 2013 through the acquisition of Ilex.
“Dr. Teal’s is an ideal add-on investment for Parfums de Coeur, as we believe that the Parfums’ management team will be able to add even more firepower to an already growing and well-positioned brand,” said Dana Schmaltz, a partner in Yellow Wood. “The acquisition fits our strategy of building Parfums into a broader personal-care business in many ways.”
Advanced Beauty, owned by former Wal-Mart executive Chris McClain, overhauled Dr. Teal’s over the years, giving it a more contemporary positioning. Advanced is best known for its Bodycology range, the number-one specialty bath brand, according to Nielsen data.
The deal marks the second beauty acquisition in two weeks, following the TPG Growth’s purchase of E.l.f. Cosmetics two weeks ago.
Harrods plans to remove the famous statue of Princess Diana and Dodi Al Fayed from the bottom of the Egyptian escalators and hand it back to Mohamed Al-Fayed. “We are very proud to have played our role in celebrating the lives of Diana, Princess of Wales and Dodi Al Fayed at Harrods and to have welcomed people from around the world to visit the memorial for the past 20 years,” said Michael Ward, Harrods managing director. “With the announcement of the new official memorial statue to Diana, Princess of Wales at Kensington Palace, we feel that the time is right to return this memorial to Mr. Al Fayed and for the public to be invited to pay their respects at the palace.” More on the news, with reporting by @loreleimarfil, at WWD.com. #wwdnews
@prada is introducing a new project at its men’s fall 2018 show this Sunday: “Prada Invites.” The fashion house invited four celebrated creative minds – @ronanaerwanbouroullec, Konstantin Grcic, @herzogdemeuron and @rem.koolhaas – to each create a unique item with its iconic nylon material. The designs will be unveiled on the runway show, which will take place at the company’s warehouse in Viale Ortles 25. #wwdfashion #mfwm (📷: @martinocarrera)
@kering_official is spinning off its stake in puma in an effort to focus on its luxury brands, the brand operator announced yesterday. “We are proud to have supported the turnaround of Puma, which now has unrivaled capabilities to take full advantage of the specific dynamics of its global markets and is poised to achieve substantial growth,” said François-Henri Pinault, Kering’s chief executive officer and chairman. Artémis will become a “long-term strategic shareholder” of Puma with a 29 percent stake. #wwdnews #wwdfashion (📷: @jilliansollazzo)
The fashion world mourns for celebrated street style photographer, Nabile Quenum, who died at age 32 in Paris.
Quenum, creator of the fashion blog “J’ai Perdu Ma Veste,” was a fashion week fixture, and regularly shot for New York magazine’s The Cut, among other outlets, and brands such as Louis Vuitton, Moncler and Adidas. He was also actively involved in the #NoFreePhotos initiative, which kicked off in the fall. Read more about Quenum in @kbsmoke's story on WWD.com. #wwdnews
@verwanggang and @maisonladuree have teamed up on a dessert collab called Vera Wang Pour Ladurée. The collection, which launched this week, features a specialty macaroon, as well as a wedding cake inspired by one of the designer’s gowns. “I could not imagine a more delicate or sophisticated creation to grace any couple’s celebration,” said Wang. #wwdfashion