2014-01-15 21:08:32
L'Oréal deal for Magic Holdings is approved
2014-01-15 21:08:32
The Ministry of Commerce of the People’s Republic of China (MOFCOM) has given the green light to the proposed acquisition of Magic Holdings by L’Oréal.
The Ministry of Commerce of the People’s Republic of China (MOFCOM) has given the green light to the proposed acquisition of Magic Holdings by L’Oréal.
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A specialist in cosmetics facial masks, Magic Holding's turnover in fiscal year 2012-2013 was approximately €160 million euros. Magic’s MG brand is one of China’s leading brands in the mask category.
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