L'OREAL BUYS IT COSMETICS BRAND IN $1.2BN DEAL

摘要

L'Oreal has signed an agreement to buy US beauty brand IT Cosmetics for US$1.2bn in a cash purchase deal. The prestige cosmetics brand will join the L'Oreal Luxe Division on completion of the acquisition and will continue to operate out of its New Jersey office, located in Jersey City under its existing management.