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    HomeClean BeautyKorean cosmetics giant acquires Vermont luxury clean beauty brand Tata Harper

    Korean cosmetics giant acquires Vermont luxury clean beauty brand Tata Harper

    Vermont Business Magazine Amorepacific has entered into a definitive agreement to acquire Tata’s Natural Alchemy, LLC, known as Tata Harper, a pioneer in natural luxury skincare, in a move that further signals the company’s intention to continue its penetration of global markets with a firm focus on consumers in North America. Tata Harper is based in Whiting. Financial terms were not disclosed, but Amorepacific has set aside $125 million for the transaction, which was announced on September 1 and is scheduled to close October 31. 

    Tata Harper, the company’s co-founder, will continue to lead the brand. According to BeautyIndependent sales in 2017 were in the range of $60-$65 million. According to BI, “Amorepacific has set up a $125 million special purpose acquisition company or SPAC in the United States to subsume the brand.”

    Since its creation in 2010, Tata Harper has…

    Read full article originally published on vermontbiz.com

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