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L'Oréal finalises skincare brands acquisition from Valeant laboratories

By
AFP
Translated by
Nicola Mira
Published
Mar 6, 2017
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French cosmetics giant L'Oréal has announced on Monday it has finalised the acquisition of three skincare brands from Canadian laboratories Valeant, for $1.3 billion (approximately €1.2 billion).



The distribution of CeraVe is now likely to extend beyond North America. - CeraVe


The acquisition of CeraVe (advanced skincare), AcneFree (anti-acne treatments and cleansers) and Ambi (for multi-ethnic consumers) was first announced on 10th January.

The three brands are distributed in the USA and their consolidated yearly revenue is approximately $168 million.

L'Oréal posted a decline in net income in 2016, and has decided to explore "every strategic option" available for The Body Shop retail chain, whose sales and profitability continue to slump.

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