Announced
Financials
Sources
Tags
cosmetics
Cosmetics
Acquisition
Pending
Canada
Private
Minority
Single Bidder
cosmetic products
Friendly
Synopsis
L’Oréal, a cosmetic products manufacturer, is set to invest in Functionalab Group, an operator of aesthetic clinics. Financial terms were not disclosed. "This strategic partnership with L’Oréal not only validates our leadership position in Canada, but also the unique positioning and attractiveness of our concepts and brands in the field of aesthetic medicine clinics. We are proud to be able to count on the support of L’Oréal to continue executing and accelerating our growth plan, including geographic expansion," Francis S. Maheu, Functionalab Group Co-Founder, and CEO.
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