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Thu May 19, 2005 12:00 pm  |
L'Oreal to Buy SkinCeuticals
PARIS — L'Oreal is set to snap up a new derm concern.
The French beauty giant said Wednesday it has signed a deal to acquire U.S. professional treatment brand SkinCeuticals. The Dallas-based brand's distribution network comprises dermatologists' and plastic surgeons' offices as well as spas.
"The acquisition of SkinCeuticals allows L'Oreal to strengthen its position in high-performance, professional skin care," stated L'Oreal's chairman and chief executive officer, Lindsay Owen-Jones. "This market, in which SkinCeuticals is a leading player, is a particularly promising one with high international potential."
"SkinCeuticals has already acquired an excellent reputation in the U.S. dermatological world," stated Jean-Paul Agon, president and ceo of L'Oreal USA. "This acquisition will also allow L'Oreal to enter the strong and growing market of high-end spas in the U.S."
SkinCeuticals will become part of L'Oreal's Active Cosmetics Division, which already includes the Vichy, La Roche-Posay and Inneov brands. Founded in 1994, the privately held firm had sales of $35 million last year.
The deal will be finalized "upon the customary closing conditions, including antitrust clearance," according to L'Oreal.
— Brid Costello |
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Thu May 19, 2005 2:34 pm |
| interesting news belle....thanks for posting that |
_________________
Combination - dehyrdated, acne, sensitive, late 20's. |
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