L'Oreal to Buy Majority Stake in British Skincare Brand Medik8
L'Oreal OR -0.24%decrease; red down pointing triangle said it has signed an agreement to acquire a majority stake in British skincare brand Medik8.
The company said that Medik8 has strong global potential, as well as high levels of proven efficacy at an accessible price point. The acquisition will strengthen its Luxe portfolio, L'Oreal said.
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