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| Name | Symbol | Market | Type |
|---|---|---|---|
| Loreal Co (PK) | USOTC:LRLCY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1.29 | 1.74% | 75.24 | 74.65 | 75.68 | 75.726 | 74.99 | 75.53 | 423,617 | 22:00:00 |
From Jan 2023 to Jan 2025
By Andrea Figueras
L'Oreal has completed the acquisition of the Danish probiotic and microbiome research company Lactobio for an undisclosed amount.
The French beauty company said Monday that the move aims to boost its microbiome research efforts dedicated to beauty and strengthen its position in this particular scientific territory, the company said.
"The strategic acquisition builds on 20 years of advanced research by L'Oreal into the microbiome scientific territory," it said.
L'Oreal will be able to benefit from Lactobio's microbiome expertise and portfolio to develop topical formulations and new cosmetic solutions using live bacteria, the company said.
Write to Andrea Figueras at andrea.figueras@wsj.com
(END) Dow Jones Newswires
December 04, 2023 13:04 ET (18:04 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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