L’Oréal has signed an agreement to acquire the Japanese company Takami Co, the company that owns the brand Takami.
Takami is owned by Doctor Hiroshi Takami, founder of two eponymous dermatological clinics in Tokyo.
Cyril Chapuy, President of L’Oréal Luxe, comments on this acquisition: “We are very pleased to welcome the Takami brand into our portfolio. Its reputation in Asia matches the remarkable quality of its products. Its expertise in prestigious beauty treatments and its omnichannel distribution make it a very complementary brand within L’Oréal Luxe.”
Jérôme Bruhat, President of L’Oréal Japan, says: “The Takami brand teams led by Mr. Okamura have been able to build a strong reputation in skincare expertise, a unique visual identity and a core group of loyal customers in Japan. These are the pillars of the brand’s success that we will grow further in the future.”
Yuji Okamura, President and owner of Takami Co., declares: “Born from the expertise of the aesthetic and dermatological Takami clinics, our products provide the quality and the efficacy expected by the most demanding Japanese consumers. After 21 years of growth in Japan, we are thrilled to join the L’Oréal Group, the world’s leading beauty company, which will allow us to develop our brand thanks to its scientific and international expertise.”
Although the finical terms of the deal were not disclosed the business generated sales of around €50 million ($60.95 million) in 2019, and continues its growth this year despite difficult market conditions due to COVID-19 impacts.