Japan’s Kose Corp. recently announced it is acquiring a 93.5% stake in New York-based Tarte Cosmetics, a deal worth 135 million dollars, giving the Japanese company its first foothold in the U.S. market.
Kose is buying out Encore Consumer Capital’s entire stake in the American beauty company, as well as most of Tarte founder Maureen Kelly’s shares.
Kose said Tarte’s existing management will remain in place.
Encore Consumer Capital is a San Francisco-based private equity investment firm focused on the consumer products industry.