L'Oreal to buy 3 skincare brands from Valeant for ₹8,800 cr
Cosmetics group L'Oreal on Tuesday said it was buying three skincare brands from pharmaceutical firm Valeant for $1.3 billion (over ₹8,800 crore), in a cash deal which it said would boost revenues. These brands will nearly double the revenue of L'Oreal's Active Cosmetics Division in US and help satisfy growing demand for active skincare at accessible prices, a statement read.