Financial News

L’Oréal Increases Stake in Galderma

“Eager to solidify and extend the partnership further,” said L’Oréal CEO Nicolas Hieronimus.

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By: Christine Esposito

Editor-in-Chief

L’Oréal is acquiring an additional 10% in Galderma Group AG. The beauty giant, the No.1 company in Happi’s International Top 30, will purchase the stake from a consortium led by EQT, for an undisclosed amount. The transaction doubles L’Oréal’s ownership of Galderma’s share capital to 20%. According to L’Oréal, the new investment confirms the “solid growth journey” that the company has embarked on and reaffirms its plans to be part of the fast-growing aesthetics...

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