L'Oréal to Acquire British Skincare Brand Medik8
Medik8, which was founded in 2009 by Elliot Isaacs, sells science-backed serums that are designed to preserve and restore skin, including its popular Liquid Peptides ($66) and Crystal Retinal ($85) ranges. It has a production and research facility in Buckinghamshire, England, where it manufactures its products.
In 2021, Medik8 was acquired by private equity firm Inflexion. Sales reached $70 million to $80 million in 2024, following a push into the US market.
Science-backed skincare has been a boon for L'Oréal, which also owns other 'dermocosmetics' brands like the mass lines Cerave and La Roche Posay, as well prestige names like Skinceuticals and Skinbetter Science.
'We share a strong belief in Medik8's global potential,' said Cyril Chapuy, president of L'Oréal Luxe, in a statement.
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Beauty's Top M&A Targets for 2025
After a slow year for acquisitions, brands and investors alike are hoping that 2025 will yield bigger exits. But with most strategic buyers like L'Oréal operating with an even narrower lens, only a select few firms will make it across the finish line.
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Newsweek
19 minutes ago
- Newsweek
Haas F1 Team Receives Purchase Offers: 'Really pushing'
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American Military News
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Jason McLure: This story is about a deal that dates to 2001 when the communist government of Laos was privatizing the country's state tobacco monopoly. Now, what they did instead of having an open tender … they basically invited Imperial Brands and a local company called ST Group, run by a local businessman named Sithat Xaysoulivong, to bid on this. And ultimately what the Lao government decided to do was to form a joint venture with Imperial Brands and Mr. Sithat Xaysoulivong and his ST Group. Now, the way this was done was very unusual and it also highlighted some very close political connections between Mr. Xaysoulivong and the Lao government at the time. RFA: So who really benefited from this? And what was the fiscal impact for the Lao government? Did they lose revenue? McLure: The way the deal was structured was the Lao government retained 47% of the tobacco monopoly and Imperial Brands, this British tobacco giant, got 34%. The remaining 19% of the company was owned by this offshore company called S3T which, we know and learned was owned partly by Imperial Brands and partly by Mr. Sithat Xaysoulivong who, as it happened, was an in-law of the Lao prime minister at the time, Bounnhang Vorachit. So there was clearly some familial relationship involved. And ultimately this deal paid $28 million over basically two decades to the former prime minister's in-law. And this had big consequences for the Lao government. One tobacco control group did a study of the consequences of this deal on public health, and what they found was that the Lao government missed out on $143 million in tobacco tax revenue and that is because one provision of this tobacco contract capped cigarette excise taxes and essentially left Laos with some of the cheapest cigarettes in the world. RFA: How much is a packet of cigarettes in Laos? McLure: The cheapest brands of cigarettes in Laos cost about 7,000 kip. That's about 32 U.S. cents. 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Time Business News
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- Time Business News
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