L'Oreal
This article was originally published in The Rose Sheet
Executive Summary
Department of Justice clears $250 mil. Carson acquisition, L'Oreal announces Aug. 1. A tender cash offer for all outstanding Carson Class A common stock will be extended at $5.20 per share. DoJ orders L'Oreal to divest Carson's Gentle Treatment, Johnson Products and Ultra Sheen Supreme, but allows the firm to retain its main interests, the Dark & Lovely, Magic Shave and Dermablend businesses. The antitrust review, which began in April, was initiated because the deal would have given L'Oreal a 33% share in the ethnic hair care market (1"The Rose Sheet" April 3, In Brief)
You may also be interested in...
Johnson Gentle Treatment Re-launch Is First Initiative Under Wella
Johnson Products' revamp of its Gentle Treatment No-Lye Conditioning Creme Relaxer involves updated packaging, improved formulation benefits and a new ad campaign, the Wella division said.
Johnson Gentle Treatment Re-launch Is First Initiative Under Wella
Johnson Products' revamp of its Gentle Treatment No-Lye Conditioning Creme Relaxer involves updated packaging, improved formulation benefits and a new ad campaign, the Wella division said.
L'Oreal's Soft Sheen, Carson Merge Into Ethnic Beauty Division
L'Oreal USA's Soft Sheen ethnic hair care division will merge with newly acquired Carson to form an "ethnic beauty headquarters" based in Chicago, L'Oreal (formerly Cosmair) announced Aug. 23. The move follows the U.S. government's approval of the merger between the companies.