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$1.69 billion deal for premium skin care brand.
July 12, 2019
By: Christine Esposito
Editor-in-Chief
As part of its strategy to focus on its higher-margin oral care, personal care and pet nutrition businesses, and expanding its portfolio in premium skin care, Colgate-Palmolive Company has agreed to acquire the Laboratoires Filorga Cosmétiques (Filorga) skin care business for an equity purchase price of approximately $1.69 billion. Filorga is a premium anti-aging skin care brand focused primarily on facial care. Originally founded in France in 1978, the brand is now sold in over 60 countries ...
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