Marketers Sponsored by
The acquisition marks the acceleration of L'Oréal's intention of conquest of new consumers in China.
Ritoo Jhha spoke with Aseem Kaushik, director of the L'Oréal Professionnel products division in India, about the acquisition, as well as L’Oréal's the overall direction of the Professionnel products division at L’Oréal.
The completion of the sale is conditional upon the approval of the sale by the competition authorities.
The purchase agreement was signed on March 19, 2014, with the buyer, the Deb Group of Denby, Great Britain.
Kosé, looking to expand its presence globally, is set to acquire a 93.5% stake in Tarte, Inc.
While the professional skin care market and beauty devices look primed for M&A in 2014, the opportunities are really endless for companies and brands with a well-defined niche.
Shiseido notes it is selling the professional skin care brands to help it focus on Shiseido Professional and Joico brands in the professional beauty space.
Valeant grows its presence in the aesthetic skin care realm with the acquisition of PreCision Dermatology.
The deal is part of a transaction that finances L'Oréal buying 48.5 million of its own shares (8% of its share capital) from Nestlé.
Avon announced it has entered into an agreement through which Korres has granted Avon exclusive rights to develop, manufacture and market Korres products in Latin America.