Business
France’s L’Oreal acquires Migros’ South Korean cosmetic unit
Global Banking & Finance Review®
Company
PARIS (Reuters) – French cosmetics giant L’Oreal said on Monday it had signed a deal with Swiss retailer Migros to buy the latter’s South Korean skincare
PARIS (Reuters) – French cosmetics giant L’Oreal said on Monday it had signed a deal with Swiss retailer Migros to buy the latter’s South Korean skincare business Gowoonsesang Cosmetics, which includes the skin care brand Dr.G.
The company’s announcement confirms Reuters’ report on Friday. Dr.G is the No. 1 facial care line in the Korean dermocosmetics market.
(Reporting by Benoit Van Overstraeten and Dominique Patton; Editing by Makini Brice)
An acquisition is a financial transaction where one company purchases another company, gaining control over its assets and operations. This can enhance market share, expand product lines, or enter new markets.
A cosmetics brand refers to a company that produces and sells beauty products, including makeup, skincare, and fragrance items. These brands often focus on innovation and consumer trends.
The dermocosmetics market involves products that combine cosmetics and dermatological benefits. These products are often formulated to address specific skin concerns and are typically sold through pharmacies and dermatologists.
Explore more articles in the Business category
