Beauty, Personal-Care Deals Need No Glow Up After Record Year

A cosmetics shop in a department store in the Nihonbashi district of Tokyo, Japan.

Photographer: Soichiro Koriyama/Bloomberg
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Hi, it’s Crystal here in New York. Today, let’s explore the health and beauty transactions that drove a record number of deals last year, and what bankers are saying about them. In activist news, we take a look at fresh pressure on Toshiba’s breakup plan and a former Elliott executive’s new hedge fund.

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Personal-care transactions just wrapped up their busiest year ever by number of deals, even as the ongoing pandemic changes grooming habits. Volumes of deals in the sector reached $29.1 billion last year, the fourth-highest amount on record. —Crystal Tse