L'Oreal in talks to buy Migros' South Korean cosmetic unit, sources say
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L'Oreal is in final talks to acquire Gowoonsesang Cosmetics, a South Korean skincare business owned by Mibelle Group, a unit of Swiss retailer Migros.
December 20, 2024 | 5:30 pm
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L'Oreal is in final negotiations to acquire Gowoonsesang Cosmetics, a move that could expand its presence in the South Korean skincare market.
The acquisition of Gowoonsesang Cosmetics by L'Oreal could enhance its product offerings and market share in South Korea, a key market for skincare products. This strategic move is likely to be viewed positively by investors, potentially leading to a short-term increase in L'Oreal's stock price.
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