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Haleon sells historic lip balm brand ChapStick for £400m
Evening Standard
|January 25, 2024
ONE of the most enduring names in facial skincare is changing hands in a $530 million (£400 million) deal.
ChapStick the venerable lip balm accessory once owned by global giants GSK and Pfizer - is being sold by UK firm Haleon to Suave Brands. The buyer is owned by US private equity firm Yellow Wood Partners, which invests exclusively in consumer products firms.
This story is from the January 25, 2024 edition of Evening Standard.
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