Helen of Troy Limited Announces Agreement to Acquire Olive

Nov 21, 2024 · EL PASO, Texas--(BUSINESS WIRE)-- Helen of Troy Limited (NASDAQ: HELE), designer, developer, and worldwide marketer of branded consumer home, outdoor, beauty, …

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Helen Of Troy Buys Nail Brand Olive & June For $225 Million

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Nov 22, 2024 · Helen of Troy has entered into an agreement to acquire omnichannel nail brand Olive & June for US$225m. Founded as a Beverly Hills salon in 2013, with an at-home system …

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Olive & June To Be Acquired By Hydro Flask Owner For $240M

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Nov 22, 2024 · Olive & June is expected to achieve net sales revenue of about $92 million in 2024, according to a presentation on the acquisition. Olive & June marks the first nail care …

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HELE's Olive & June Buyout To Boost Its Presence In The Beauty …

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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 ...

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Helen Of Troy Acquires Olive & June In $240 Million Deal

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Nov 22, 2024 · Helen of Troy doubles down on beauty with the acquisition of BeautyMatter FUTURE50 omnichannel nail care brand Olive & June in a deal worth $240 million. Business …

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Helen Of Troy Agrees To Acquire Olive & June - MarketWatch

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Nov 21, 2024 · Helen of Troy said it agreed to acquire nail care brand Olive & June for a total purchase price of $240 million. Helen of Troy said Thursday the acquisition is expected to be …

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Helen Of Troy’s Strategic Acquisition Of Olive & June: A Boost In ...

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Nov 22, 2024 · With Olive & June projected to generate around $23 million in adjusted EBITDA by 2025, the acquisition not only strengthens Helen Of Troy’s portfolio but also promises a …

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Helen Of Troy Nails Down Purchase Of Olive & June

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Nov 25, 2024 · The company has been battling declining sales this year, and in Q2, net sales fell 3.5% year over year to $474.2 million. That followed a 12% drop in Q1. The acquisition of …

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Helen Of Troy Acquires Olive & June For $240 Million

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Nov 21, 2024 · Olive & June founder Sarah Gibson Tuttle has nailed it. Helen of Troy is acquiring the nail care brand for $225 million in cash and a $15 million earnout subject to performance …

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Helen Of Troy Acquires Olive & June For $240 Million

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Nov 22, 2024 · The consumer holding company Helen of Troy announced Thursday it would acquire nail care brand Olive & June, a notable deal as M&A activity for beauty …

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Helen Of Troy: Cheap, But Questions Linger Amid Olive & June …

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Nov 22, 2024 · The company has reached a $240 million deal to acquire Olive & June, a nail care innovator. The deal, which includes a $15 million earn-out, is valued at 11 times 2025 EBITDA, …

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Is HELE Stock Still Worth Buying After A 37% Surge In 3 Months?

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Dec 3, 2024 · Helen of Troy Limited’s (HELE Quick Quote HELE - Free Report) shares have gained an impressive 37.4% in the past three months, outperforming both the industry’s …

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FAQs about Helen of Troy Limited Announces Agreement to Acquire Olive Coupon?

Does Helen of Troy own olive & June?

EL PASO, Texas, November 21, 2024 -- (BUSINESS WIRE)-- Helen of Troy Limited (NASDAQ: HELE), designer, developer, and worldwide marketer of branded consumer home, outdoor, beauty, and wellness products, today announced that it has entered into a definitive merger agreement to acquire the business of Olive & June, LLC. ...

How much is Helen of Troy worth?

This acquisition is anticipated to enhance Helen Of Troy’s growth in high-margin categories, particularly in the beauty and wellness sectors. The transaction is valued at $225 million with a potential additional $15 million earnout, and it is expected to be immediately accretive to the company’s sales and earnings growth. ...

Why did Helen of Troy Limited's shares drop?

Helen of Troy Limited's shares have dropped significantly due to inflation, reduced discretionary spending, and operational execution issues, despite holding leading positions in niche consumer brands. The company has faced declining sales and earnings for quite a few years now, as some issues relate to internal execution and positioning as well. ...

Is olive & June a good company?

Olive & June provides polish, artificial, tools, treatment, and care services and is set to add $92 million in sales, suggesting that a relatively rich sales multiple has been paid at 2.6 times sales. However, with a roughly $20 million EBITDA contribution, its margins are very impressive. ...

How much is olive & June worth?

The company has reached a $240 million deal to acquire Olive & June, a nail care innovator. The deal, which includes a $15 million earn-out, is valued at 11 times 2025 EBITDA, that is before synergies. The deal is set to be immediately accretive to growth, gross margins, earnings per share, and free cash flow conversion. ...

Is olive & June a stand-alone brand?

As the Company continues to focus on elevating the health and performance of its core brand portfolio, it intends for Olive & June to operate in a stand-alone but supported model, with the brand continuing to operate largely as it is operated today except in areas where the Company believes it can accelerate Olive & June’s momentum. ...