BONDI Sands, the skincare range in pharmacies, founded by two mates at the Melbourne Cup more than a decade ago, has been sold to Japanese skincare giant Kao, for an undisclosed price, speculated to be $450m, The Australian has reported.
The Japanese consumer care business, which also owns brands such as Ban, Bior, Curl, Guhl, Jergens, and John Frieda, has purchased the Bondi Sands business from its founders who have developed the brand in Australia as a well-known self-tanning product, and which is also taking on the US market.
Kao Corporation has announced to the Japan Stock Exchange it has signed an agreement to acquire the Bondi Sands brands via the acquisition of Bondi Sands Australia and related Bondi Sands companies.
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