A page turns on November 1 for Pierre Fabre pharmaceutical laboratories. They announce the sale of their Galénic skincare brand to a young Chinese cosmetics group: Yatsen, one of the beauty leaders in its national market.
The emblematic range, only sold in pharmacies, was launched by Pierre Fabre, the founder of the Tarn laboratory, at the end of the 1970s. Effective this Sunday, the takeover provides for the Castres group “a minority stake of 10% in the company. Created by the buyer. “Yatsen intends to rely on the French identity of Galénic in its communication with Chinese consumers and will entrust the Pierre Fabre group with the manufacture of products and the development of future innovations for the brand”, said a press release.
The Elancyl Brand Becomes Spanish
“This sale is perfectly consistent with our strategy of focusing our investments in skin care on brands which are based on the recommendation of dermatologists and which primarily target skin prone to pathological conditions, which is not the case of Galénic”, explains Eric Ducournau, CEO of the Pierre Fabre group.
Same causes, same effects for Elancyl, herbal products, familiar to women prone to cellulite. The Tarn brand is now the property of the Spanish dermatological laboratory Cantabria Labs.