Mergers & Acquisitions

Look up who owns your favorite brands, and see every big beauty deal of 2026.

Who owns what now

Every big beauty deal of 2026, checked against a company announcement or filing. Last checked Nov 13, 2026.

Kimberly-Clark

Closed
Now owns
Neutrogena · Aveeno · OGX · Clean & Clear
$48.7B · closed Nov 2, 2026

The Kleenex and Huggies company now owns Neutrogena, Aveeno and OGX.

What it could mean for you: Big owners often trim product lines and reformulate. If one of these brands makes your holy grail, keep an eye on it.

Price
$48.7B
Closed
Nov 2, 2026
Deal
Acquisition
Source: Cosmetics Business →

PAI Partners

Pending
Buying
Elemis
Not disclosed · expected early 2027

A private equity firm is buying Elemis from L'Occitane Group.

What it could mean for you: Private equity owners usually push for fast growth, so expect new launches and more places to buy it.

Price
Not disclosed
Expected
Early 2027
Deal
Private equity buyout
Source: PBL Magazine →

Galderma

Pending
Buying
ZO Skin Health
$1.5B · expected late 2026 or early 2027

The company behind Cetaphil is buying ZO, the skincare line sold in doctors' offices.

What it could mean for you: Doctor-dispensed skincare is where the big money went this year.

Price
$1.5B
Expected
Late 2026 or early 2027
Deal
Acquisition
Source: Practical Dermatology →

Puig

Pending
Buying
ISDIN
€1.2B · expected by March 2027

Puig, the company behind Charlotte Tilbury, is buying the rest of the sunscreen brand ISDIN.

Price
€1.2B
Expected
By March 2027
Deal
Buying full ownership
Source: Global Cosmetics News →

Bridgepoint

Closed
Now owns
Obagi
Up to $460M · closed Jul 30, 2026

A private equity firm bought Obagi, the medical-grade skincare brand, from Waldencast.

Price
Up to $460M
Closed
Jul 30, 2026
Deal
Private equity buyout
Source: Waldencast →

Henkel

Closed
Now owns
Olaplex
About $1.4B · closed Jul 7, 2026

The company behind Schwarzkopf and Dial now owns Olaplex, the bond-repair hair brand.

Price
About $1.4B
Closed
Jul 7, 2026
Deal
Acquisition
Source: Henkel →

L'Oréal

Closed
Now owns
Creed
€4B · closed Mar 31, 2026

L'Oréal now owns Creed fragrance.

Price
€4B
Closed
Mar 31, 2026
Deal
Acquisition
Source: L'Oréal →

Know about a deal I missed? Email me.

The families

Highlighted brands joined the family in 2026, or are being bought now.

Kimberly-Clark
The Kleenex and Huggies company
NeutrogenaNewAveenoNewOGXNewClean & ClearNewKleenexHuggiesKotex
Bought Kenvue · closed Nov 2, 2026
L'Oréal
The world's biggest beauty company
CreedNewLancômeMaybellineCeraVeLa Roche-PosayKiehl'sGarnierNYX Professional MakeupUrban DecayYSL BeautyAesopIT CosmeticsRedkenSkinCeuticalsYouth to the PeopleMuglerKérastase
Bought Kering Beauté · closed Mar 31, 2026
Henkel
The Schwarzkopf and Dial company
OlaplexNewSchwarzkopfDialGot2b
Bought Olaplex · closed Jul 7, 2026
Puig
The Charlotte Tilbury company
ISDINBuyingCharlotte TilburyRabanneCarolina HerreraByredoUriageJean Paul GaultierDr. Barbara Sturm
Buying the other 50% of ISDIN · expected by March 2027
Galderma
The Cetaphil company
ZO Skin HealthBuyingCetaphilDifferinAlastin
Buying ZO Skin Health · expected late 2026 or early 2027
PAI Partners
A private equity firm
ElemisBuying
Buying Elemis · expected early 2027
Bridgepoint
A private equity firm
ObagiNew
Bought Obagi Medical · closed Jul 30, 2026

The other big owners

No 2026 deals on our list, but they own a lot of what's on your shelf.

Estée Lauder Companies
The Clinique and MAC company
Estée LauderCliniqueMACBobbi BrownToo FacedThe OrdinaryLa MerOriginsAvedaLe LaboSmashboxBumble and bumbleJo Malone LondonDr. Jart+Tom Ford Beauty
Procter & Gamble
The Tide and Crest company
OlayPanteneHerbal EssencesHead & ShouldersAussieSecretSK-IINativeOld Spice
Lineup from P&G
Unilever
The Dove and Vaseline company
TatchaPaula's ChoiceDermalogicaHourglassLiving ProofMuradK18REN
Lineup from Unilever
Shiseido
A Japanese beauty company
ShiseidoDrunk ElephantNARSClé de Peau BeautéDr. Dennis Gross SkincareSerge Lutens
Lineup from Shiseido
LVMH
The Louis Vuitton and Dior company
Dior BeautyFenty BeautyBenefit CosmeticsFreshMake Up For EverOle HenriksenGuerlainGivenchy BeautyMaison Francis KurkdjianAcqua di Parma
Lineup from LVMH
e.l.f. Beauty
The e.l.f
e.l.f. CosmeticsRhode
Lineup from e.l.f. Beauty
Beiersdorf
The Nivea company
NiveaEucerinAquaphorLa PrairieCoppertone
Lineup from Beiersdorf
Amorepacific
The Laneige and COSRX company
LaneigeSulwhasooInnisfreeCOSRX
Lineup from Retail Brew