L'Oréal USA signs agreement to acquire Essie Cosmetics

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04/21/2010

L'Oréal USA today announced the signature of an agreement to acquire Essie Cosmetics, the ultimate nail color authority in the US, founded in 1981 by Essie Weingarten, and mainly sold in American salons and spas.

This acquisition will enable L'Oréal to increase its share in the nail color and care market which has seen significant growth year over year.

Michel Dyens