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.
Decléor and Carita — both French-born skin-care brands — are distributed in the professional and retail channels, particularly in Europe.
L’Oréal has stated that together, Carita and Decléor generated 2012 sales of approximately 100 million euros, or $128.6 million at average exchange for the period, which ranks the pair combined as number two in the global professional skin-care market across beauty institutes, spas and salons.
@moncler unveiled its latest project, #MonclerGenius, yesterday at Milan Fashion Week. The Italian outwear maker gave show-goers a preview of the monthly collections – which were created by eight designers and creative talents including Pierpaolo Piccioli, Simone Rocha, Craig Green and more – that will start rolling out in the summer.
In honor of Rihanna’s 30th birthday, we took a look back at an interview with the Barbados-native when she was just 18 years old. Here, she talked about her second album, “A Girl Like Me” in 2006. “I want to be me. I want people to fall in love with who Rihanna is, and that’s why I want the album to be about me so people can really find out who this girl Rihanna is, because they only know the ‘Pon de Replay’ girl.” Fast forward 12 years, and she’s released six more albums and has become a powerhouse in both the fashion and music industries. Happy birthday, @badgalriri 🎈(📷: Pavel Antonov) #wwdarchive