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It's good news for Dermstore brand-building efforts.
December 30, 2020
By: Happi Staff
Target Corp. has agreed to sell its online beauty and skin care business unit Dermstore to British e-commerce company THG Holdings for $350 million in cash. THG Holdings expects to receive antitrust clearance for the deal from US regulators next month. Dermstore has sales of about $200 million. “THG will be able to increase the scale of its beauty box business by accessing the Dermstore.com customer base, which will in turn unlock incremental marketing revenue,” said THG. “The De...
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