The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

Courtin-Clarins Family to Acquire Clean Makeup Brand Ilia

Ilia founder Sasha Plasvic and chief executive Lynda Berkowitz will continue to lead the business and retain a minority share.

American clean beauty brand Ilia. (Instagram @ILIA)

Joan Kennedy

04 February 2022

Famille C, the Courtin-Clarins family’s private investment fund, has signed a contract to purchase the American beauty brand, which recorded sales of $100 million in 2021, for an undisclosed sum. The transaction is expected to be approved in the first half of 2022 and will give Famille C-owned cosmetics company Clarins a minority share in Ilia’s capital. Ilia founder Sasha Plasvic and chief executive Lynda Berkowitz will continue to lead the business and retain a minority share.

“From a strategic point of view, the acquisition is in line with our goal of supporting exceptional brands that share our values and vision, and it will strengthen our foothold in the US,” said Prisca Courtin-Clarins, deputy CEO of Famille C.

Learn more:

Why Big Beauty Is Investing in Clean Beauty

Legacy brands are hopping on board the ‘clean beauty’ movement, as they face a growing number of indie labels and start-ups championing better-for-you ingredients.

About the author

Joan Kennedy

Joan Kennedy is Editorial Associate at The Business of Fashion. She is based in New York and covers beauty and marketing.

In This Article

Topics

Beauty

Buyout Giant CVC Seeks €1.25 Billion in Long-Awaited IPO

The firm has been working on a listing since at least 2022, with previous attempts buffeted by volatile markets.

How to Launch a Black Beauty Brand

In a three-part series, The Business of Beauty explores how Black founders Monique Rodriguez, Danessa Myricks and more built, launched and scaled their multi-million-dollar businesses. In part one, a look at how these entrepreneurs found their niche and harnessed early lessons that were critical to their growth

How Should We Feel About Tweens at Sephora?

There’s something both innocent and concerning about 13-year-olds’ obsession with skincare. Kids will always want to find new ways to express themselves, but the beauty industry has a responsibility to protect its youngest customers.

Why Puig’s IPO Timing Couldn’t Be Better

The family-owned Spanish conglomerate has confirmed it will pursue a public offering in the coming months. After a fairly fast transformation, the company now has a bold diversification strategy and a strong mix of brands in place, making it more ready than it has ever been for the European markets.