“L’Oréal signs an agreement to acquire Skinbetter Science, an American brand for skin care prescribed by health professionals”

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L’EITHERreal signs an agreement for the acquisition of better skin Science, an American skincare brand prescribed by healthcare professionals

Clichy, the two3 September 2022 – L’Oréal has just signed an agreement for the acquisition better skin Sciencesan American skin care brand at the forefront of dermatological research, recommended by health professionals for the efficacy of its patented ingredients, as well as the ultra-sensory and rich textures.

better skin Sciences was founded in 2016 by pharmaceutical industry professionals Jonah Shacknai, Justin Smith, and Seth Rodner. The brand’s growth is one of the strongest among prescription skincare brands in the United States. better skin Sciences, recognized for its innovative formulations, incorporates state-of-the-art active ingredients intended for anti-aging treatments, moisturisers, cleansers and exfoliants, as well as sun protection and peelings. Based on in-depth knowledge of dermatology and chemistry, these innovative formulations are supported by clinical trials led by professional members of the American Board of Dermatology.

The products better skin Sciences they are essentially prescribed by a network made up of the best dermatologists, plastic surgeons and aesthetic doctors in the United States and distributed by a medical team distributed throughout the territory.

better skin Sciences had revenues of more than $95 million year over year through July 31, 2022. The current management team will continue to manage the business from headquarters in Arizona, reporting to Christina Fair, president of the Active Cosmetics Division of L’ Oreal USA

For Myriam Cohen WelgrynPresident of the Active Cosmetics Division of the L’Oréal group, the acquisition of better skin science will come perfectly completes the portfolio of the Active Cosmetics Division Y contribute heavily to the mission that has always been ours: to promote health and beauty through science and innovation. I am convinced that this fast-growing American brand offers immense international potential. »

David Greenberg, CEO of L’Oréal USA and President of the North America Zoneadd: “We are delighted to welcome the team from better skin Sciences. I’m sure that the brand will reinforce our presence in the North American market of dermocosmeticsa exercise which has strong growth potential. for Cristina fairour Active Cosmetics Division and myself, this acquisition offers the opportunity to draw on the experience of the fantastic team that has given birth to this brand and consolidate the relationship of trust that it has knitting with its partners in the medical world, in order to further strengthen our market share in this work. »

For Jonah ShacknaiFounder and Executive President of better skin Sciences, All the team of better skin Science is excited to join the family. L’Oreal, leader beauty world. the leadership of The real, its extraordinary resources and international reach will allow us to maximize opportunities for aesthetic medicine centers and patients, as well as for our colleagues in better skin Sciences. We are very proud of everything we have achieved as an independent brand, and we have This day we look forward to collaborating with such an innovative and socially responsible global group. We sincerely believe that the missions and values ​​of our two companies areust perfectly in phase. »

This acquisition is expected to close in early fourth quarter 2022, subject to approvals.
customary regulatory and other customary closing conditions.
A About L’Oreal
For more than 110 years, L’Oréal, a world leader in beauty, has been dedicated to a single vocation: satisfying the beauty aspirations of consumers around the world. Our purpose, to create beauty that moves the world forward, defines our vision of beauty, inclusive, ethical, generous and responsible. With a portfolio of 35 international brands and ambitious social and environmental commitments established as part of our L’Oréal for the Future program, we offer our consumers around the world the best in beauty in terms of quality, efficiency, safety, sincerity and responsibility. . while celebrating beauty in its infinite diversity.
With 85,400 committed employees, a balanced geographical presence and in all distribution channels (e-commerce, consumer market, department stores, pharmacies and drugstores, hairdressers, to travel Retail sale and brand boutiques), the Group achieved a turnover of 32,280 million euros in 2021. L’Oréal has 20 research centers in 11 countries, a dedicated Research and Innovation team of more than 4,000 researchers and 3,000 technology professionals, to invent the future of beauty and become the champion of Beauty Tech.
More information about https://www.loreal.com/fr/mediaroom

“This press release does not constitute an offer to sell or a solicitation of an offer to buy L’Oréal shares. For more complete information about L’Oréal, we invite you to consult the public documents filed in France with the Autorité des marchés financiers, also available in English on our website www.loreal-finance.com.
This release may contain certain forward-looking statements. Although the Company believes that these statements are based on reasonable assumptions as of the date of publication of this press release, by their nature they are subject to risks and uncertainties that could lead to a difference between the actual figures and those indicated or implied in these statements. statements. . . »

For more information, consult banks, brokerage houses or financial institutions (ISIN code: FR0000120321), as well as your usual newspapers or the website dedicated to shareholders and investors, www.loreal-finance.com, l L’Oréal Finance mobile request or call the green number: 0.800.66.66.66 (free call)

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