L’Oréal Acquires South Korean Cosmetics Firm Nanda

The giant’s first Korean beauty brand purchase comes as foreign cosmetic industry leaders jostle for a slice of one of the world’s most innovative beauty markets.

English: Park Jung-ah, South Korean pop singer
English: Park Jung-ah, South Korean pop singer (Photo credit: Wikipedia)

 PARIS, France — France’s L’Oréal on Wednesday said it had agreed to buy South Korean makeup and fashion firm Nanda, as foreign cosmetic industry leaders jostle for a slice of one of the world’s most innovative beauty markets.

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