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E.l.f. Acquires Naturium in $355 Million Bet on Skin Care

The purchase of the high-growth indie label marks the company’s first M&A deal since 2020.
Naturium
With the acquisition of Naturium, E.l.f. pushes further into skin care, doubling its presence in the category to 18 percent of sales. (Courtesy)

E.l.f.

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Further Reading

How E.l.f. Went From TikTok to the Super Bowl

The Gen-Z favourite brand debuted its first-ever TV commercial featuring Jennifer Coolidge hot off While Lotus buzz, in a prime-time Super Bowl spot — signalling the size of its ambitions.

How E.l.f. Made a Comeback

E.l.f. used Tiktok to become a Gen Z favourite. Now the brand wants to turn its new fans into lifelong customers, with a little help from Alicia Keys.

About the author
Priya Rao
Priya Rao

Priya Rao is Executive Editor at The Business of Beauty at BoF. She is based in New York and oversees BoF’s beauty and wellness coverage.

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