France’s L’Oreal to buy Japanese skincare company Takami

Industry: Consumer Durables    2020-12-24

French cosmetics maker L’Oreal has signed an agreement to buy Japanese skincare company Takami, it said on Wednesday.

A L’Oreal statement said the acquisition should be completed in the next few weeks.

The Takami brand had about 50 million euros ($60.95 million) in revenue in 2019, L’Oreal added.

Source: Reuters.com