L’Oreal To Acquire Vegan Skincare Brand Youth to the People

12/13/2021

L’Oréal expects Youth to the People to record more than $50 million in sales this year.

L’Oréal will acquire skincare brand Youth to the People.

Terms of the deal weren’t shared, but L’Oréal expects the brand to record more than $50 million in sales this year.

Founded in Los Angeles in 2015, Youth to the People uses vegan ingredients in product development and has been backed by Sandbridge Capital, Strand Equity and Carisa Janes. It’s currently sold direct-to-consumer e-commerce and has limited distribution in the U.S., Canada, Australia and a few European countries.

Cyril Chapuy, president of L’Oréal Luxe, pointed to Youth to the People’s strong reputation and product quality as leading factors for its appeal with all genders.

“Its skincare expertise based on healthy, vegan, high-efficacy formulas make it a very strategic addition to L’Oréal Luxe,” noted Chapuy.

The brand was founded by Greg Gonzalez and Joe Cloyes, two cousins inspired by their grandmother’s efforts to start a professional skincare line 40 years ago.

L’Oréal is the No. 13 publicly owned consumer goods company.

More M&A Activity

J&J Snack Foods Acquires Thinsters from Hain Celestial

The Hain Celestial Group has sold off the Thinsters cookie business to J&J Snack Foods as part of the next steps in its transformation plan.
Unilever to Create Ice Cream Business Spin-Off and Tech-Powered Productivity Program

Unilever’s ice cream business will now be under separate ownership as the company focuses on four primary groups: Beauty & Wellness, Personal Care, Home Care, and Nutrition.
Guess and WHP Team up To Acquire Rag & Bone

Guess is making the first acquisition in its history. Get the details.