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Below is a running list of mergers and acquisitions in the beauty industry—involving both beauty brands and suppliers.
January 16, 2026
By: Rachel Klemovitch
Assistant Editor
As companies merge, investments from new owners often fuel innovation. These new deals and partnerships are contributing to growth, overall—and helping the beauty and packaging industries prosper.
Whether you’re a brand owner, packaging supplier, or ingredient manufacturer—or work with these companies—keeping up with the latest mergers and acquisitions in the beauty industry can be a challenge. It’s also confusing to remember which beauty brands each company owns. We’re here to help.
Keep up with ‘who-owns-who’ by bookmarking this story to check often for updates.
Related: Mergers & Acquisitions in the Beauty Industry in 2025
DFS, a global leader in luxury travel retail owned by LVMH, as well as DFS’s co-founder and shareholder, Robert Miller, and CTG Duty-Free, a prominent travel retail operator headquartered in Beijing, announced a definitive agreement. CTG Duty-Free will acquire DFS’s travel retail business in Hong Kong and Macau and intangible assets in Greater China.
Kimberly-Clark Corporation and Kenvue Inc. shareholders voted overwhelmingly to approve all of the proposals necessary for Kimberly-Clark to complete its acquisition of Kenvue. The transaction is expected to close in the second half of 2026, subject to the receipt of regulatory approvals and satisfaction of other customary closing conditions.
RoundTable Healthcare Partners, an operating-oriented private equity firm focused exclusively on the healthcare industry, announced a partnership and investment in Colorescience. Colorescience is known for mineral-based, clinically validated products that deliver broad-spectrum protection with cosmetically elegant finishes.
ProSys Fill LLC. has purchased Pendergraph Machines. The acquisition of Pendergraph Machines is designed to promote growth by leveraging the strengths of ProSys and Pendergraph.
Monogram Capital-backed Prime Matter Labs has acquired makeup contract manufacturer Mana Products from Traub Capital. Mana Products furloughed employees and explored sale options before shutting down operations, according to sources.
Photo: Shutterstock/ FAMILY STOCK
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