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Leisure Management - Jurlique: Pola Orbis completes AU$300m Jurlique acquisition
16 Oct 2019 Leisure Management: daily news and jobs
 
 
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Product news

13 Dec 2011

Pola Orbis completes AU$300m Jurlique acquisition

Supplier: Jurlique
More Jurlique details


Pola Orbis completes AU$300m Jurlique acquisition

Japanese skincare giant Pola Orbis has completed its acquisition of Australian rival Jurlique in a deal worth AU$300m (US$302m, €230m, £194m).

The acquisition is seen as a way for Pola Orbis to get a foothold in the Australian and New Zealand markets, where Jurlique's organic products have a strong presence.

In a statement, a spokesperson for Pola said: "This deal will accelerate our overseas expansion plan and will significantly contribute to achieving our long-term vision.

"Through this acquisition, we'll be able to strengthen our business platform and distribution capabilities globally."

As part of the deal, Pola Orbis will take control of all of Jurlique's nine consolidated subsidiaries in five countries.

Jurlique's existing management team will continue with the company.

Jurlique's president & CEO, Sam McKay said: "The transaction represents a significant and exciting milestone for Jurlique.

"Our brand is well positioned with a strong presence and compelling momentum in key strategic markets, with a focus on Asia, the Americas and our home market Australia. I look forward to working closely with Pola to pursue opportunities to further accelerate growth on a global scale; both in terms of greater penetration of existing multi-channel distribution and geographic expansion."

Founded in 1985, Jurlique products use plants and botanicals grown on a company owned, 153 acre biodynamic farm in the Adelaide Hills.


Supplier: Jurlique
Mount Barker South Australia Australia
Forever young with Jurlique Biodynamic Beauty skincare.

Web: www.jurlique.com.au
More Jurlique details

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