Wellness Franchise Opportunities

acquisition Jan, 11 2017

​L'Oreal to buy three skincare brands from Valeant for USD1.3 billion

L'Oréal USA, the French cosmetics giant paid nearly eight times the brand's combined annual revenue of $168 million.

By Franchise India Bureau
​L'Oreal to buy three skincare brands from Valeant for USD1.3 billion

French cosmetics group L'Oreal is acquiring three specialized skincare brands - CeraVe, AcneFree and Ambi - from Canada's Valeant Pharmaceuticals International for $1.3 billion in cash to expand into one of the fastest growing areas of the beauty industry.

The French cosmetics giant paid nearly eight times the brand's combined annual revenue of $168 million.

Frederic Roze, President and Chief Executive, L'Oréal USA, said, "These three brands, built on strong relationships with health professionals and widely distributed, will nearly double the revenue of our Active Cosmetics Division in the U.S. and will help us satisfy the growing demand for active skincare at accessible prices."

AcneFree provides acne treatments and skin cleansers while Ambi makes products to treat dark spots and brighten skin.

L'Oreal said the three brands would be stand alongside the likes of Vichy and La Roche-Posay in its Active Cosmetics division, which is among its strongest in terms of growth and resilience to slowdowns in consumer spending in the past three to four years.

Related: Zydus Cadila acquires six brands from MSD for an undisclosed amount

Click Here to add Comment
Please add your Comment
Rating
Sell Franchise 2017

Newsletter Signup

Submit your email address to receive the latest updates on news & host of opportunities from Wellness India.

Video

Magazines & Books

Read the latest franchising magazines and books to get comprehensive and up-to-date information on leading franchise systems, trends and more.


Newsletter Signup
Submit your email address to receive the latest updates on news & host of opportunities.
Well Ness India

Copyright © 2009 - 2017 Franchise India Holdings Ltd.

The information contained herein is of generic nature only, and Franchise India is not, by means of this website or any part thereof, rendering professional advice or services. Before making any decision or taking any action that might affect your finances or business, you should consult a qualified professional advisor. Your use of this website or any of its pages or links given, is at your own risk and you assume full responsibility and risk of loss resulting from your usage. With respect to use of the website, kindly visit www.franchiseindia.com/terms.