Medical aesthetics company Solta Medical has acquired CLRS Technology, maker of the Claro device that uses heat and light to combat acne.
CLRS gives Solta Medical, which generated nearly $100 million in revenues last year through the sale of systems Fraxel and Thermage for dermatological procedures, an entrance into the over-the-counter personal care segment. The company will assume around $1.1 million of CLRS’ debt at the deal’s closing and make future payments of undisclosed amounts based upon CLRS’ revenue and operating income through the end of 2011.
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)