In Brief: L’Oreal Acquires IT Cosmetics, Provides Microbeads Update; More
This article was originally published in The Rose Sheet
Executive Summary
L’Oreal adds IT Cosmetics to its thriving Luxe business for $1.2bn in cash. Unilever offers perspective on its Dollar Shave Club acquisition during its Q1 earnings call.
You may also be interested in...
L'Oreal's Q3 Driven By Luxe Gains, With China Cited As Engine
French beauty giant books luxury division sales growth of 8.9% to $2.35bn in its third quarter, and 13.2% growth to $7.16bn for the nine months ended Sept. 30. Increased consumption of luxury skin care and makeup in China has been a key driver of the firm's results in fiscal 2017, according to L'Oreal execs.
L’Oreal Picks Up CeraVe Skin Care Via $1.3bn Deal With Valeant
The CeraVe, AcneFree and Ambi skin-care lines will change hands from Valeant Pharmaceuticals to L’Oreal under a deal announced Jan. 10, beefing up the latter’s dermatologist-aligned Active Cosmetics division.
‘Serial Acquirers’ In Cosmetics Sector Create More Value – A.T. Kearney Report
The enterprise-value growth rate of beauty and personal-care players that completed two or more acquisitions annually during the 2010-2016 period is 26% higher than that for less frequent buyers, the consulting firm notes in a recent report. Translation: “Shop or Drop,” its analysts say.