By  on November 28, 2019

PARIS — L’Oréal has strengthened its foothold in the professional skin-care market through a minority investment in Canadian company Functionalab Group, a developer and marketer of beauty brands with a network of 15 medical aesthetic clinics in Canada.

The French cosmetics giant made the strategic investment through its corporate venture capital fund BOLD, Business Opportunities for L’Oréal Development. Functionalab Group’s current management team will continue to run the company from Montreal, the companies said in a joint statement on Thursday.

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