Private equity firm Advent International Corp. closes its acquisition of Shiseido brands bareMinerals, BUXOM and Laura Mercier through its newly launched Orveon beauty business, the Boston firm announces. Orveon plans to invest in innovation, entry in new markets, and possible additional brand acquisitions as it builds a beauty portfolio grounded in “skin health and overall wellness.”
Fledgling New York-based beauty company Orveon has closed on the $700m purchase of three Shiseido prestige cosmetic brands, which will serve as the basis for a larger beauty business the new company intends to build through innovation, expansion to new markets, and potentially more M&A.
Orveon is a division of Boston-based global private equity company Advent International Corp., which announced completion of the acquisition of...
Green Pharmaceuticals’ SnoreStop Nasal Spray, previously marketed as “NasoSpray,” still is available even though agency officials on multiple occasions for a month recommended a recall after an April inspection found “gross microbial contamination” in one lot.
Global beauty giant is working to adapt its approach to the prestige market to meet escalating competition, increased points of sale, and more knowledgeable consumers with new shopping habits, CFO Tracey Travis said at the Barclays Global Consumer Staples Conference.
Court order dismisses claims against Perrigo and Joseph Papa, its former CEO, with prejudice. Settlement also bars any claim against plaintiffs and class members, “whether arising under state, federal, common or foreign law,” alleging liability for losses.
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Week after publishing safety alert about OPMS Black Liquid Kratom “linked to serious adverse health effects, including death,” FDA announced market research “to understand and characterize emergent risk/safety and perceived benefits reportedly linked to kratom and psychedelics.” But it withdrew the study 10 days later.
Semi-annual regulatory agenda of non-binding target dates also sets December goal for an NPRM to recognize N-acetyl-L-cysteine as a lawful dietary ingredient. Like IND exemptions rule, item on NAC included for first time in FDA’s list.
