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THE WHAT? L’Oreal has offered its stake in Sanoflore to Ekkio Capital and Sergio Calandri, Sanoflore’s CEO, for an undisclosed sum.
THE DETAILS WWD studies that the sale won’t end in any redundancies and the model’s exterior companions will even be supported.
THE WHY? L’Oreal stated in an announcement per WWD, “L’Oreal has a portfolio of complementary manufacturers. The group’s technique is to accumulate and, generally, exit the manufacturers to maintain a really sturdy portfolio and the complementarity it must thrive over the long run.
“The success of L’Oreal Dermatological Magnificence relies on a method and a enterprise mannequin targeted on manufacturers prescribed by well being care professionals. Underneath these circumstances, the division has determined to give attention to the dermatological manufacturers in its portfolio.”
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