The past Thursday, through Reuters, to official that the Korean cosmetic giant Amorepacific to with Tata Harper, the natural mark of luxury devoted to the care of the skin. Of this way, as it has communicated Amorepacific, this operation will allow to the Korean include in his current offer this mark and at the same time, reinforce the business with America and Europe.
This acquisition will make of effective way in the fourth quarter of 2022 and will not influence in the direction of Tata Harper, that looks forward to to expand his footprint in the western market and Asian. At present, the mark that founded in 2010 in United States, commercialises his products through 25 digital shops, in addition to having his own available website direct to the consumer, Net-to-Porter and Cult Beauty. Also it does it through the physical point of sale thanks to his presence in Sephora, Bluemercury and Neiman Marcus.
Along the 12 years of the company, Tata Harper, that elaborates his products through the grasses and plants that obtains in the crop of his farms, has attracted the interest of other buyers. Finally, it has decanted by Amorepacific fixing in his capacities of investigation and development and his global scope.
As it indicates Reuters, any of the two companies involved wanted to reveal the terms and financial details that compose the agreement, although Amorepacific said in a press release that the quantity invested orbits around the 168.000 million wons (123,86 million dollars). Goldman Sachs & Co LLC acted like financial adviser of Tata Harper, whereas UBS Investment Bank advised to Amorepacific.