Givaudan, to strengthen presences in China, has invested in the series A funding round of Next Beauty. Givaudan and Next Beauty believe in the significant potential of the Chinese fragrance & beauty market.
- Shanghai based Next Beauty is experts in identifying high potential premium brands and in the positioning, marketing and distribution of emerging fragrance & beauty brands in China.
- This investment relationship will leverage their respective capabilities to support emerging fragrance & beauty brands, with creative, unique and integrated solutions for the Chinese market.
- As a market leading company in the fragrance & beauty business, Givaudan will be able to support Next Beauty in realising their ambitions via the extensive suite of capabilities that Givaudan has globally and in China.
The prominent deals and expansions by Givaudan are featured below:
April 2021: To strengthen artificial intelligence (AI) capabilities, Givaudan has completed the acquisition of Myrissi. France based Myrissi, has developed a patented AI technology capable of translating fragrances into colour patterns and images.
Oct 2020: The Givaudan announced the opening of its newest state-of-the-art fragrance production facility in Changzhou, China. The production facility is constructed on a land area of 76,000 square metres.
August 2020: Givaudan had completed the acquisition of biotechnology company Alderys. The acquisition of Alderys will expand Givaudans capabilities in bio-engineering technologies.
April 2020: In response to the growing demand for hand sanitizer to limit the spread of coronavirus (COVID-19), Givaudan, the global leader in flavours and fragrances, has set up a dedicated production line in Switzerland (Vernier site), and will be donating over 60 tonnes (equivalent to 700,000 bottles) over the next two weeks.
February 2020: Givaudan, announced that it had completed the acquisition of Ungerer & Company, the US based Flavour, Fragrance and Specialty Ingredients company. Givaudan had announced that it had reached an agreement to acquire the company in November 2019.
November 2019: Givaudan, officially inaugurated a new extension to its Nantong manufacturing facility aimed to support the capacity on liquid flavour production for beverages, dairy and sweet goods. This move will double the Companys flavour production capacity in China.
Givaudan, headquartered in Vernier, Switzerland, is a global leader in the creation of flavours and fragrances. The company has presence in more than 145 locations, the Company has approximately 13,600 employees worldwide. The company develops tastes and scents in close collaboration with food, beverage, consumer product and fragrance partners, to delight consumers across the world.