Kendo Acquires Bite Beauty
Kendo Holdings, Inc., formerly a private-label product development arm of Sephora now operating as a separate entity, continues its growth and global distribution expansion with the acquisition of Bite Beauty.
Bite Beauty, a natural lip care company operating out of downtown Toronto, focuses not just on creating high performance lipstick but also on a lip product which is healthy enough to eat. With its custom-blending lipstick store, Lip Lab, in New York's SoHo district and an estimated $30 million in retail sales annually, Bite Beauty joins Kendo's growing portfolio of brands, which includes Marc Jacobs Beauty, Kat Von D Beauty, Formula X and Elizabeth and James fragrances.
Kendo's acquisition of Bite Beauty is a continuation of its commitment to acquire and develop new brands with long-term potential, including the acquisition of Ole Henriksen, whose business has doubled in size since being purchased by Kendo in 2011.
Click here to read more about this acquisition in "Kendo Acquires Bite Beauty," Women's Wear Daily (November 14, 2014).