L’ORÉAL’S ACQUISITION OF MAGIC HOLDINGS MARKS FIRM’S BIGGEST INVESTMENT IN CHINESE BEAUTY MARKET
April 8, 2014 – Following the approval by the General Meeting of Magic Holdings International Limited shareholders, L’Oréal announces the transaction is now effective. This move marks L’Oréal’s biggest investment to-date in the Chinese beauty market and further strengthens the Group’s leadership position in the world’s third largest beauty market. Jean-Paul AGON, Chairman and CEO, […]