Ole Henriksen Joins LVMH Beauty Stable
Ole Henriksen has found a new home.
The botanical skincare company has been acquired by LVMH for an undisclosed sum.
Named for its founder, Hollywood skincare guru Ole Henriksen, the celebrity-favored line joins fellow LVMH beauty brands like Benefit, Fresh, Parfums Christian Dior, and Make Up For Ever.
While the company will continue to be based in Los Angeles and Henriksen will stay on as creative director, the brand intends to appoint a new CEO early this year.
"I am thrilled to join LVMH," Henriksen says in a release.
"Supported by the global knowledge of the leading luxury products group, I am confident my brand can expand its presence well beyond what we have achieved today to become a world-recognized and most highly desired brand in the skincare market."
"Ole Henriksen has developed a unique skincare brand, with great consumer appeal and clear prospects for continued success," adds LVMH Group Managing Director Antonio Belloni.
"We are proud to welcome Ole Henriksen into the LVMH family and participate in the next phase of its development. In particular, Ole Henriksen will benefit from working closely with Sephora—our fast-growing, global prestige beauty retailer—to accelerate the brand's worldwide expansion."
More Ole? Yes, please!
