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Purchases Nanda for about $370 million.
May 3, 2018
By: TOM BRANNA
Editor
L'Oréal has acquired Nanda Co. Ltd., a Korean lifestyle, makeup and fashion company for about $370 million. Nanda has annual sales of about $150 million. Nanda's makeup brand 3CE accounts for about 70% of sales. Nanda has operations in Korea and Japan and has expanded its business into overseas markets including Hong Kong, Singapore, Malaysia and Thailand. “We strongly believe that this transaction will be a landmark breakthrough for Nanda,” So Hee Kim, CEO and founder...
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