The mass market may soon have a new powerhouse in the beauty aisle: a company that combines the strength of Markwins International Corp.’s value offering with Physicians Formula’s premium-priced brand of problem-solution cosmetics.
The two companies have signed a definitive merger agreement under which Markwins will acquire outstanding shares of Physicians’ common stock for $4.90 a share, or nearly $75 million.
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)