L'Occitane Acquires Elemis Beauty mark

The cosmetics maker L'occitane International announces the acquisition of Elemis brand, specializing in beauty products and skin care, for about $ $900 million. According to the company, the operation is part of a strategy to expand your presence in the United Kingdom and the United States, as well as expand the business into new markets. The deal should be closed this quarter and will be sponsored by the company and by borrowing from banks. Today, L'occitane is present in 90 countries, with 3,285 stores.