Company News, Financial News

Target Buys DermStore

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

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By: TOM BRANNA

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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...

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