Announced
Completed
Financials
Sources
Tags
Single Bidder
United States
skin health care
Completed
Cosmetics
Acquisition
Private
beauty care
Majority
Friendly
cosmetics
Cross Border
Synopsis
L'Oreal, a manufacturer and seller of cosmetic products for women and men worldwide, completed the acquisition of Youth of the People, a provider of skincare products that helps to replenish and renew tired skin. Financial terms were not disclosed. “We have been inspired by the passion and vision of the brand’s two founders, Joe Cloyes and Greg Gonzalez, in bringing the best of the health-conscious, California lifestyle to high performance beauty. We believe in the potential of this special brand, and we look forward to working with the Youth to the People team to help them realize this potential. I am thrilled to have Youth to the People join our growing portfolio of American brands on the West Coast,” Stéphane Rinderknech, L'Oréal President North America & Chief Executive Officer.
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