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Adds a leading players in the booming Korean skincare market.
December 24, 2024
By: TOM BRANNA
Editor
L’Oréal Groupe will acquire Gowoonsesang Cosmetics Co, Ltd, from Swiss retail group Migros. The acquisition includes Dr.G, the Korean skincare brand founded by dermatologist Dr. Gun Young Ahn MD, PhD in 2003 and headquartered in Seoul. Dr.G will become part of L’Oréal Groupe’s Consumer Products Division (CPD), positioned to meet the rising demand for K-Beauty and scientifically developed, effective yet affordable skincare solutions. A purchase price was not disclosed. F...
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