Seeking Alpha

L'Oreal to buy NYX Cosmetics

  • L'Oreal (LRLCF) has signed an agreement to purchase NYX Cosmetics, a Los Angeles-based company. The former has been looking to increase its U.S. brands, and NYX Cosmetics fit the bill.
  • The price for the acquisition has not yet been disclosed.
  • NYX Cosmetics has $93M in sales from the beginning of the year till the end of May, up 57% for the same period in 2013.
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