THE CENTER has announced an agreement to acquire skin care brand boscia from FANCL. Terms of the deal were not disclosed. The buyer said it expects to relaunch the brand next year.
THE CENTER is associated with Ben Bennett, who the source describes as having completed a series of transactions. The source states that THE CENTER has teamed with Mamina Turegano, MD, a board-certified dermatologist, on the acquisition.
FANCL, described by the source as a Yokohama, Japan-based cosmetics company, launched boscia in the U.S. at Henri Bendel in 2002 with 18 stock keeping units. The brand's name combines the words "botanical" and "science," and the source says the launch was intended to make FANCL's mark on prestige beauty.