The former CEO of L’Occitane International SA, Andre Hoffman, has acquired a controlling majority stake in Grown Alchemist from the L’Occitane Group. Anna Teal, the CEO of Grown Alchemist, has been designated as a minority shareholder in the deal, which has been valued at €28 million. Since L’Occitane's acquisition of the Australian natural beauty brand in 2022, Grown Alchemist has expanded its spa business in the UK and Ireland, boasting properties such as Lifehouse Spa, Montcalm East, and Bellevue Spa at the Mottenotte Hotel.
"The L'OCCITANE Group has been an incredible partner and supporter of the business since its acquisition of a majority control in 2022, enabling us to establish a strong foundation for growth, a stellar team, investment in product enhancements and new market entries," said Teal, CEO of Grown Alchemist. "That being said, we see this acquisition of Grown Alchemist as an opportunity to accelerate brand growth, as we gain more strategic flexibility and autonomy outside of a listed group. We are appreciative to the Group for their open mindedness and support for this transition in line with growth strategies of both parties involved."
Grown Alchemist, established in Australia in 2008, is dedicated to addressing the skincare challenges posed by contemporary lifestyles. It’s range of high-performance, scientifically validated formulations nurtures skin health comprehensively, from top to toe. Harnessing the potency of advanced botanical and bio-tech ingredients, these products synergise with your skin's biology, ensuring optimal absorption and impactful results.
Beyond skincare products, Grown Alchemist extends its commitment to skin wellness through a range of spa treatments and services. These include cryotherapy, lymphatic drainage, and IV infusion therapy, all aimed at maximizing skin vitality.
With a global presence spanning over 40 countries, Grown Alchemist products are readily accessible through esteemed retailers such as Sephora, Credo Beauty, as well as prestigious five-star hotels and spas.
www.grownalchemist.com
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