Hair Care Brand Arctic Fox Sells Majority Stake to LG Household & Health Care

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LOS ANGELES, Sept. 14, 2021 /PRNewswire/ — Brutzkus Gubner Rozansky Seror Weber (“Brutzkus Gubner”) is happy to announce that it has closed the $100,000,000.00 deal for LG Family & Well being Care Ltd., a division of LG in Korea, to amass a 56 p.c stake in Boinca Inc., a U.S. producer that owns the hair care model Arctic Fox.

Arctic Fox is finest recognized for vibrant, long-lasting, semi-permanent hair dyes which are vegan and cruelty-free. The model launched in 2014, and is a bestseller on Amazon and different main magnificence retailers. Arctic Fox maintains a powerful social media presence that has made it extraordinarily fashionable amongst youthful shoppers.

“We’re tremendously happy to shut this deal on behalf of our consumer Boinca,” says Mark Brutzkus, Founding Accomplice at Brutzkus Gubner, who dealt with the deal together with company legal professional Stuart Kim. “The Arctic Fox model is the right alternative for LG because it seeks to develop its presence within the luxurious hair care market. We foresee this as being a superb union between two magnificence trade leaders,” Brutzkus provides.

Along with making lush coloration and pure hair care merchandise, Arctic Fox donates a portion of income to stop animal cruelty. The AF group additionally visits rescue organizations in particular person to contribute provides and provides like to animals in rehabilitation.

About Brutzkus Gubner

Brutzkus Gubner Rozansky Seror Weber, with workplaces in Los Angeles, Las Vegas, and Denver, represents a various roster of purchasers in subtle transactions, excessive stakes enterprise litigation, and company restructurings within the attire and trend, client merchandise, finance, and media industries, amongst others. Brutzkus Gubner attorneys leverage enterprise backgrounds and inventive perception into probably the most wise recommendation and counsel for purchasers.

SOURCE Brutzkus Gubner

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