L'Oréal to Acquire Majority Stake in India's Innovist
L'Oréal is taking a majority position in Indian beauty company Innovist, deepening exposure to one of the world's fastest-growing cosmetics markets and signaling intensifying consolidation in India's masstige beauty segment.
What happened
L'Oréal will acquire a majority stake in Indian beauty company Innovist, deepening its presence in one of the world's fastest-growing cosmetics markets.
Why this matters
Consolidation in India's masstige beauty segment is heating up—now is the window to scope bolt-on targets before valuations reset higher on comparable transactions.