Investing.com — French cosmetics large L’Oreal SA (EPA:OREP) is shut to accumulate Gowoonsesang Beauty, the South Korean skincare enterprise owned by Mibelle Group, Reuters reported citing folks with information of the deal.
An announcement could possibly be made as quickly as on Monday, the Reuters report added.
Each L’Oreal and Migros didn’t instantly reply to Investing.com request for a remark.
Mibelle, a unit of Swiss retailer Migros, acquired its stake in South Korean Gowoonsesang Cosmetics, which sells skincare merchandise underneath the Dr.G model, in 2018.
Earlier this yr, Migros engaged in a strategic assessment for Mibelle Group to discover a new proprietor for the enterprise.
By Francesco Canepa WASHINGTON (Reuters) -Former Federal Reserve Governor Kevin Warsh, with whom President Donald…
By Pete Schroeder and Michael S. Derby WASHINGTON (Reuters) -Rising dangers round international commerce, normal…
Joe Raedle / Getty Photographs A key inflation measure is prone to present client costs…
Oil costs slipped on Friday, heading for a weekly lack of greater than 2%, weighed…
People stay involved about rising inflation as President Trump's tariff insurance policies takes maintain. The…
It has been a uneven month for US safe-haven property, with the 10-year Treasury yield…