Japan’s Kao Corporation is to acquire Australian suncare brand Bondi Sands.
Bondi Sands was founded in 2012 and sells self tanning, suncare, skincare and body products in more than 32 countries, including Australia, the UK and the US. Kao says that in Australia Bondi Sands has a leading share of the self-tanning market.
Kao Group has earmarked skincare as one of its key growth drivers in its mid-term plan. The company says that with the acquisition of Bondi Sands, it will put more focus on the skin protection category. Kao adds that it will continue to invest in brands with a focus on skincare.
The Kao Group owns beauty brands such as John Frieda, Jergens, Curél and Bioré.