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Acquisition provides Murad with an opportunity to directly manage its growing business in prestige and professional channels in the U.K. and marks a strategic foothold for its planned expansion of existing operations in Europe.
With a net revenue of 405 million Brazilian reals in 2013 and brands well accepted by Brazil's growing middle class, the Niely Cosmeticos Group expected to positively complement the L'Oréal products already offered in Brazil.
Investment funds tender offer to acquire more than 6 million shares of the Arden’s outstanding common stock, approximately 20% of such outstanding stock, at a cash purchase price of $17.00 per share.
Rhône Capital also has advised Elizabeth Arden that, subject to market conditions and applicable legal or regulatory approvals, it intends to increase its ownership of the company’s common stock over time.
As M&A picks back up in the beauty world, market researcher Kline & Company points to targets it sees as acquisition opportunities.
CVS expects the acquisition to help the retailer gain ground in the U.S. Hispanic marketplace.
The deal includes L'Oréal buying back more than 48 million shares and selling the Galderma brand to Nestlé.
Shiseido is partnering with French design label Zadig & Voltaire to create perfume products for the fashion brand.
For L’Oréal, this marks the strategic acquisition of one of the beauty industry’s fastest-growing makeup artistry brands in the U.S.
Joey New York, Inc. announced it has acquired the Joey New York brand of skin care and beauty products through its acquisition of RAR Beauty, LLC.