Shiseido Acquires Clean Beauty Brand Drunk Elephant for $845 Million

Japanese beauty and personal care brand Shiseido has acquired clean beauty company Drunk Elephant. According to Bloomberg, the $845 million deal will allow Drunk Elephant to use Shiseido’s infrastructure to expand into Europe and Asia, as well continuing to reach more markets in the U.S. Drunk Elephant is set to bring in more than $100…

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