Helen of Troy to acquire Olive & June for $240m.

Helen of Troy, a designer, developer, and worldwide marketer of branded consumer home, outdoor, beauty, and wellness products, agreed to acquire Olive & June, an omni-channel nail care brand, for $240m. “We could not be more excited to add Olive & June to our portfolio of leading brands and we welcome its passionate associates and visionary leadership team to the Helen of Troy family. We believe Olive & June is an excellent fit with Helen of Troy both strategically and financially. Olive & June’s innovation-driven performance, highly relevant vision of democratizing nail care for everyone, award-winning products and unique consumer engagement model are impressive and inspiring. We see significant opportunities to build on its strengths in consumer obsession and breakthrough commercial and product innovation, in addition to helping expand the brand’s availability with increased distribution. Olive & June complements our existing Beauty portfolio and broadens us beyond the Hair category, adding a consumables business that is both high growth and high margin. We look forward to working together to fully realize the potential of Olive & June,” Noel M. Geoffroy, Helen of Troy CEO.