The business said it will restructure international operations.
Fabrizio Freda also outlined the company’s multiple-engines-of-growth strategy.
Skin care and foundations are growing in prestige beauty, while concealers are posting gains in the mass market.
The brand will enter all Ulta doors by mid 2018.
The deal follows Shiseido’s acquisition of MatchCo, a shade-matching technology and foundation business.
Revlon and Almay were hurt by softness in the North American mass market.