JAKKS Pacific (JAKK) Announces Acquisition of C’est Moi
- Netflix, Inc. (NFLX) Tops Q4 EPS by 1c; Subs Beat Views
- S&P 500 ends up slightly with boost from financials; Netflix up late
- Nestle Said Examining Takeover of Mead Johnson (MJN) - Source
- La Quinta Holdings (LQ) Gains on Plan to Split in Two
- After-Hours Stock Movers 01/18: (OCLR) (CSX) (NFLX) Higher; (AMDA) (RCII) (ZYNE) Lower (more...)
Get instant alerts when news breaks on your stocks. Claim your 2-week free trial to StreetInsider Premium here.
JAKKS Pacific, Inc. (Nasdaq: JAKK) announced the acquisition of C’est Moi, an innovative skincare and performance makeup brand specially formulated for kids 4 to 12 years old, to enhance JAKKS’ position as a diverse children’s consumer products company.
“JAKKS has always been a consumer products-driven company with a focus on fun lifestyle merchandise for active young consumers. Our acquisition of the C’est Moi™ skincare and performance makeup line complements our diverse portfolio, as well as expands our product offerings and distribution channels outside of the traditional toy market, while bringing innovation to new categories,” said Stephen Berman, Chairman and CEO of JAKKS.
“Growth through acquisition is part of JAKKS’ DNA. Over the years, we have acquired and internally developed and marketed products outside of the toy category including stationery, pet supplies, kids furniture, costumes and more,” said Berman.
The C’est Moi™ skincare and performance makeup lines were designed specifically to be safe and allergy-free for younger skin using kid-friendly quality natural ingredients. The specially formulated skincare line includes facial cleansers, moisturizer, sunscreen and more, all free of toxic ingredients. The performance makeup line consists of a complete palette of eye shadows, liners, powders, lip glosses, mascaras, nail polishes and more that girls love and stay fresh throughout a long day of dance performances or recitals.
The C’est Moi™ skincare line is manufactured in France, and the performance makeup is manufactured in several countries in the European Union. C’est Moi™ is currently distributed in Singapore, Dubai, Australia and Malaysia. JAKKS intends to retain members of the C’est Moi™ management team to assist JAKKS in growing the business and the planned launch of the C’est Moi™ brand globally in 2017.
According to global information company The NPD Group, the U.S. prestige beauty industry alone reached $16 billion at retail in 2015. “The purchase of C’est Moi™ represents an opportunity for JAKKS to enter one of the fastest growing segments in consumer products,” said Berman.
“Everyone at C’est Moi™ is thrilled to be joining the JAKKS family and to take the C’est Moi™ brand of skincare and performance makeup to a broader global stage,” said Jessica Tang, founder and creator of C’est Moi™. “JAKKS recognizes the importance of balancing children’s artistic dreams with the need to provide products that are appropriate to their age. Younger and younger kids today are struggling with skincare issues, and now more than ever parents are seeking products that will help their kids establish good skincare habits for healthy skin for decades to come,” said Tang.
To learn more about C’est Moi™ skincare products click here, and to learn more about C’est Moi™ performance makeup click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Mallinckrodt (MNK) to Pay $100M to Settle FTC, State Charges for Violating Antitrust Laws
- Mondelez Int'l (MDLZ) Sells Australia and New Zealand Grocery Business to Bega Cheese Limited for $460M AUD
- Alphabet (GOOGL) Buys Twitter (TWTR) Unit Fabric
Create E-mail Alert Related CategoriesCorporate News, Management Comments, Mergers and Acquisitions
Related EntitiesTwitter, Definitive Agreement
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!