×
74 160
Fashion Jobs
UNDER ARMOUR
Stock Teammate, Part-Time 5am Shift, $15 Per Hour
Permanent · TANNERSVILLE
UNDER ARMOUR
Stock Lead, ft
Permanent · WOODSTOCK
URBN
Assistant General Manager (m&v)
Permanent · GLEN MILLS
URBN
Free People Senior Merchandise Planner
Permanent · PHILADELPHIA
L'OREAL GROUP
Analyst - Supply Chain
Permanent · Streetsboro
L'OREAL GROUP
Payroll, Senior Business Analyst (IT Liaison) – l’Oreal Corporate Payroll
Permanent · St. Petersburg
L'OREAL GROUP
Senior Manager- Human Resources, Luxe Supply Chain
Permanent · South Brunswick Township
PRANA
Director, Strategic Accounts & Sales Business Development
Permanent · CARLSBAD
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Part Time - Stanford
Permanent · PALO ALTO
ROSS
Store Protection Specialist
Permanent · Tampa
ROSS
Store Protection Specialist
Permanent · McAllen
VF CORPORATION
Vice President, Chief Product & Merchandising Officer (Global Dickies)
Permanent · Fort Worth
COTY
Director, E-Commerce Accounts Luxury
Permanent · New York
COTY
Vice President, us Consumer Beauty
Permanent · New York
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Miromar Outlets
Permanent · Estero
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Tysons Corner
Permanent · McLean
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Perimeter
Permanent · Atlanta
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Faneuil Hall
Permanent · Boston
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Faneuil Hall
Permanent · Boston
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Faneuil Hall
Permanent · Boston
TJX COMPANIES
Global Security & Safety Center Operator- Marlborough, ma
Permanent · Marlborough
NORDSTROM
Asset Protection - Agent - Park Meadows Rack
Permanent · Littleton
By
Reuters
Published
May 14, 2019
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Nivea-maker Beiersdorf buys Coppertone for $550 million

By
Reuters
Published
May 14, 2019

Beiersdorf, the maker of Nivea and other skin care brands, is buying U.S. sun care brand Coppertone from Bayer for $550 million to strengthen its position in North America, the German consumer goods firm said on Monday.

Coppertone


Beiersdorf said in a statement that Coppertone had sales of around $213 million in 2018. It said the transaction was subject to approval by merger control authorities, but should be closed in the third quarter.

“We are convinced that Coppertone and its team will add complementary expertise to our leading brand portfolio and significantly strengthen our position particularly in the U.S.,” said Beiersdorf chief executive Stefan de Loecker.

In the first quarter, Beiersdorf’s sales growth in North America lagged most of the rest of the group, rising 3.7 percent after stripping out currency effects, versus 6 percent overall.

De Loecker, who took over as CEO in January, has said he wants to look for acquisitions. The company is sitting on a cash pile of more than 4 billion euros and has faced calls from investors to return cash to shareholders.

Beiersdorf’s Nivea Sun is a leading sun care brand in Europe and its Eucerin brand also makes sun care products.

Founded in 1944, Coppertone was bought by Bayer in 2014. The chemicals firm said it had made progress in revitalizing the brand and developing more innovative products.

Bayer said the sale would allow it to focus on building its core over-the-counter brands like Asprin and Berocca vitamins.

© Thomson Reuters 2023 All rights reserved.