{"id":4249,"date":"2022-09-01T21:41:00","date_gmt":"2022-09-01T21:41:00","guid":{"rendered":"https:\/\/asiaposts.com\/korean-cosmetic-giant-amorepacific-to-buy-us-luxury-skincare-brand-tata-harper\/"},"modified":"2022-09-01T21:41:00","modified_gmt":"2022-09-01T21:41:00","slug":"korean-cosmetic-giant-amorepacific-to-buy-us-luxury-skincare-brand-tata-harper","status":"publish","type":"post","link":"https:\/\/asiaposts.com\/korean-cosmetic-giant-amorepacific-to-buy-us-luxury-skincare-brand-tata-harper\/","title":{"rendered":"Korean cosmetic giant Amorepacific to buy US luxury skincare brand Tata Harper"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p>South Korea-based personal products maker Amorepacific will buy Natural Alchemy, which operates the luxury beauty brand Tata Harper, as part of a strategic push to tap into the growing North American market.<\/p>\n<p>Vermont-based Tata Harper, which was launched in 2010 by Tata Harper and her former husband Henry Harper, currently sells its products in 25 online stores and over 800 brick-and-mortar retailers such as Sephora, Bluemercury and Neiman Marcus.<\/p>\n<p>It has grown in popularity in the United States over the past decade driven by a growing base of affluent, health-conscious consumers who are increasingly turning to environment-friendly, natural cosmetic products.<\/p>\n<p>Tata Harper, which is a fast-growing and profitable business, sources farm-grown herbs and plants for its products.<\/p>\n<p>Over the past few years, Tata Harper has fielded acquisition interest from other potential buyers, but ultimately decided to strike a deal with Amorepacific due to its R&amp;D capabilities and global reach, especially in Asia, where the luxury brand is attempting to tap into a potentially lucrative customer base, according to a person familiar with the matter.<\/p>\n<p>Alliance Consumer Growth made a minority investment in the company in 2015. Tata Harper counts the likes of actors Gwyneth Paltrow and Kate Hudson among its patrons.<\/p>\n<p>Amorepacific has made a push for growth in North America with sales in the region surging 66 per cent during the second quarter of 2022 from the year-ago period. The company expects the deal to close in the fourth quarter of this year.<\/p>\n<p>Financial terms of the deal were not disclosed by the companies, although Amorepacific said in a filing that it would invest 168 billion won (US$123.86 million) in its US business to buy Tata Harper.<\/p>\n<p>Goldman Sachs acted as the financial adviser to Tata Harper, while UBS Investment Bank advised Amorepacific.<\/p>\n<\/div>\n<p>[ad_2]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] South Korea-based personal products maker Amorepacific will buy Natural Alchemy, which operates the luxury beauty brand Tata Harper, as part of a strategic push to tap into the growing North American market. Vermont-based Tata Harper, which was launched in 2010 by Tata Harper and her former husband Henry Harper, currently sells its products in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4250,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,20,6],"tags":[54,61],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Korean cosmetic giant Amorepacific to buy US luxury skincare brand Tata Harper - Asia Posts- Trending Post Of the World<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/asiaposts.com\/korean-cosmetic-giant-amorepacific-to-buy-us-luxury-skincare-brand-tata-harper\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Korean cosmetic giant Amorepacific to buy US luxury skincare brand Tata Harper - Asia Posts- Trending Post Of the World\" \/>\n<meta property=\"og:description\" content=\"[ad_1] South Korea-based personal products maker Amorepacific will buy Natural Alchemy, which operates the luxury beauty brand Tata Harper, as part of a strategic push to tap into the growing North American market. Vermont-based Tata Harper, which was launched in 2010 by Tata Harper and her former husband Henry Harper, currently sells its products in [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/asiaposts.com\/korean-cosmetic-giant-amorepacific-to-buy-us-luxury-skincare-brand-tata-harper\/\" \/>\n<meta property=\"og:site_name\" content=\"Asia Posts- Trending Post Of the World\" \/>\n<meta property=\"article:published_time\" content=\"2022-09-01T21:41:00+00:00\" \/>\n<meta name=\"author\" content=\"Alex John\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Alex John\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/asiaposts.com\/korean-cosmetic-giant-amorepacific-to-buy-us-luxury-skincare-brand-tata-harper\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/asiaposts.com\/korean-cosmetic-giant-amorepacific-to-buy-us-luxury-skincare-brand-tata-harper\/\"},\"author\":{\"name\":\"Alex John\",\"@id\":\"https:\/\/asiaposts.com\/#\/schema\/person\/54b91a0926cd49743d0b29a2efa4a1d9\"},\"headline\":\"Korean cosmetic giant Amorepacific to buy US luxury skincare brand Tata Harper\",\"datePublished\":\"2022-09-01T21:41:00+00:00\",\"dateModified\":\"2022-09-01T21:41:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/asiaposts.com\/korean-cosmetic-giant-amorepacific-to-buy-us-luxury-skincare-brand-tata-harper\/\"},\"wordCount\":303,\"publisher\":{\"@id\":\"https:\/\/asiaposts.com\/#organization\"},\"keywords\":[\"South Korea\",\"United States\"],\"articleSection\":[\"Asia\",\"Business\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/asiaposts.com\/korean-cosmetic-giant-amorepacific-to-buy-us-luxury-skincare-brand-tata-harper\/\",\"url\":\"https:\/\/asiaposts.com\/korean-cosmetic-giant-amorepacific-to-buy-us-luxury-skincare-brand-tata-harper\/\",\"name\":\"Korean cosmetic giant Amorepacific to buy US luxury skincare brand Tata Harper - 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