L’Oréal SA will purchase a 10% stake in professional skin-care firm Galderma Group AG and plans to collaborate with the company going forward on research projects to develop new skin-care technologies.
L’Oreal Acquires 10% Stake, Plans R&D Collaboration With Galderma
L’Oréal and Galderma have signed a memorandum of understanding to collaborate on complementary research projects to discover ‘new avenues and accelerate innovation’ in the field of dermatology. L’Oreal has arranged to purchase a 10% stake in its partner.
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