PARIS — L’Oréal’s acquisition of Magic Holdings International Ltd., the Chinese maker of cosmetics facial masks, has been given the green light by China’s ministry of commerce, the companies said jointly Monday.
As reported in August, the deal is worth an estimated $840 million. It is expected to close during the second quarter of this year.
Alberta Ferretti's "Rainbow Week" sweaters are back. The designer closed her #MFW show with a few day-of-the-week sweaters, which first debuted on the catwalk last January as part of the pre-fall 2017 collection. #wwdfashion (📷: @delphineachard)