Reported 2 days ago
French cosmetics giant L'Oreal announced its acquisition of Gowoonsesang Cosmetics, which includes the South Korean skincare brand Dr.G, from Swiss retailer Migros. This move aims to capitalize on the rising demand for K-Beauty products. L'Oreal expressed enthusiasm about promoting Dr.G's growth in both the South Korean market and globally, further expanding its presence in the pan-Asian beauty sector.
Source: YAHOO