PARIS — L’Oréal said Wednesday it has finalized the acquisition of Decléor and Carita from Shiseido Co. Ltd. and completed the transfer of ownership.
As reported in February, Shiseido had agreed to sell the two brands to the French beauty giant for 227.5 million euros, or $315.4 million at current exchange. In October, Shiseido had entered talks with L’Oréal as the Japanese firm narrowed its brand portfolio.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)