L’Oréal buys second Chinese skincare stake as C-Beauty brands snare market share
Cosmetics giant L’Oreal said on Monday it has taken a minority stake in mass-market Chinese skincare brand Lan, marking its second investment in recent months in China, where local brands have grown rapidly. L’Oreal did not disclose the size or cost of the stake, but L’Oreal North Asia President and China CEO, Vincent Boinay, said … Read more