HELE's Olive & June Buyout to Boost Its Presence in the Beauty Space

Helen of Troy Limited (HELE) has announced plans to acquire Olive & June, LLC., an omnichannel nail care brand, for $225 million in cash, with an additional$15 million earnout tied to future performance. This strategic move aims to strengthen Helen of Troy’s presence in the multi-billion-dollar beauty industry and diversify its product offerings. The acquisition is expected to close by the end of 2024.Founded in 2013, Olive & June is a leading innovator in the DIY nail care industry, revolutionizing the at ...