L’Oréal has struck an agreement with Magic Holdings International Ltd. in China to acquire all of the shares of the Chinese manufacturer of cosmetics facial masks.
The deal is worth an estimated $840 million at current exchange, under L’Oréal’s agreement to pay a proposed price of 6.30 Hong Kong dollars, or 81 cents, a share. Shares of Magic Holdings are traded in Hong Kong.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
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