Breaking News

L’Oréal Gets Green Light On Magic Holdings

February 7, 2014

CHINA: The Ministry of Commerce of the People’s Republic of China (MOFCOM) has given the green light to the proposed acquisition of Magic Holdings by L’Oréal. L’Oréal and Magic expect the transaction to close during the second quarter.

A specialist in cosmetics facial masks, Magic’s turnover in fiscal year 2012-2013 was approximately €160 million. Magic’s MG brand is one of China’s leading brands in this category.

blog comments powered by Disqus
  • Innovation On Display

    Melissa Meisel, Associate Editor||February 3, 2016
    P&G Beauty Digital Studio showcases new products for 2016

  • Crowning Glory

    Crowning Glory

    Christine Esposito , Associate Editor||February 3, 2016
    Celebrity stylists and experts from leading hair care brands talk about the ingredients and formats driving the styling sector.

  • Electric Slide

    Electric Slide

    Melissa Meisel, Associate Editor||February 3, 2016
    Skin care devices bring anti-aging to the next level