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Shiseido Inks $845 Million Deal for Skincare Firm Drunk Elephant

Drunk Elephant Launches its Slaai Makeup-Melting Butter Cleanser

Photographer: Dimitrios Kambouris/Getty Images

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Shiseido Co. agreed to buy skincare brand Drunk Elephant for $845 million as the Japanese beauty company seeks to appeal to younger consumers in the U.S.

The deal for Drunk Elephant Holdings LLC won’t have a significant impact on full-year earnings, Shiseido said in a statement Tuesday. It will be financed with a combination of cash and credit, and is expected to close by the end of the year.