Breaking News

Target Buys DermStore

August 7, 2013

Price tag not disclosed for skin care e-commerce site.

Target Corp. will acquire the DermStore Beauty Group for an undisclosed amount. The acquisition positions Target to expand its share of the rapidly evolving online beauty market and will further differentiate the company's offerings in this important retail segment, according to the company.

Following the transaction closing, expected to be completed in 60 days, DermStore will become a new, wholly owned subsidiary of Target. DermStore will continue to operate as a separate entity under its online name, DermStore.com. Target believes this transaction presents a strategic growth opportunity; however, there will not be any material impact to Target's 2013 results.

Dan Obegi, current CEO of DermStore, will be president of the wholly owned subsidiary and will report to Casey Carl, president of Multichannel and senior vice president, Enterprise Strategy, Target. DermStore also operates HairEnvy.com and Blush.com. This move by Target follows its recent acquisition of CHEFS Catalog and Cooking.com earlier in 2013.



  • Cos Bar: Turning 40 and Hitting Fast Forward

    Cos Bar: Turning 40 and Hitting Fast Forward

    Christine Esposito, Associate Editor||November 21, 2016
    With a recent investor infusion, a new CEO and rebranding effort underway, this luxury beauty retailer has big plans.

  • Organic Matter

    Organic Matter

    Christine Esposito, Associate Editor||November 14, 2016
    FTC and USDA hold a public roundtable to discuss consumers’ perception of organic claims.

  • Help for Up Above

    Help for Up Above

    Christine Esposito, Associate Editor||November 14, 2016
    A brand from Down Under is touting a new formulation for what’s missing on top.

  • The World Comes to Orlando

    The World Comes to Orlando

    Tom Branna , Editorial Director||December 1, 2016
    More than 1,600 chemists traveled to Florida for the IFSCC Congress

  • The Plex  Phenomenon

    The Plex Phenomenon

    Denise Costrini, Croda North America||December 1, 2016
    Croda details the hair-protecting qualities of bond multipliers and the company’s new bond-building formulation system.