L’Oreal To Fuel Continued Dermocosmetics Growth With Skinbetter Science Acquisition
Phoenix, AZ-based Skinbetter Science “has become one of the fastest growing medical-dispensed skincare brands in the United States,” recording nearly $95m in sales for the 12-month period ended 31 August 2022, and shows “great international potential,” according to L’Oreal leadership.
You may also be interested in...
L’Oréal plans to acquire Australian luxury beauty brand Aesop from Natura & Co. in third quarter, subject to regulatory approvals, marking its biggest acquisition to date.
L’Oréal reports CeraVe skin care sales up more than 40% year-to-date as it expands brand within US as well as in regions where it’s newly launched. French firm reported July-September sales rose 9.1% on a like-for-like basis.
Driven by e-commerce and L’Oréal Luxe, which achieved historic market share, L'Oréal SA's results in China helped fuel 13.4% growth of its overall business in the second quarter to €9.3bn.