YSG - Yatsen gains 7% on acquiring skincare brand Eve Lom

March, 02 2021 12:14 PM Yatsen Holding Limited American Depositary Shares each representing four Class A

China's Yatsen Holding (YSG) agrees to buy skincare brand Eve Lom from Manzanita Capital in a deal expected to close in the next few weeks, company statement.Stock is up 7% at the current pixel time.Eve Lom was founded in 1985 and since then has established a brand value for its skincare collection, with strong presence in Asian markets alongside its e-commerce channels on global level."Eve Lom is one of the best performing skincare brands famed for its profound brand heritage and unique formulas that combine luxury with high-performance results. The brand has developed an incredibly loyal following driven by its hero products such as the Eve Lom Cleanser, and demonstrated resilient sales and profitability even during COVID-19," notes Yatsen's Founder, CEO and Chairman Jinfeng Huang.Manzanita will retain a minority stake in the business and serve as a strategic partner going forward. Financial terms of the transaction were not disclosed.Earlier, Yatsen inks strategic collaboration with Sensient Technologies

For further details see:

Yatsen gains 7% on acquiring skincare brand Eve Lom

Company Name:	Yatsen Holding Limited American Depositary Shares each representing four Class A
Stock Symbol:	YSG
Market:	NYSE
Website:	ir.yatsenglobal.com

Twitter