L’Oréal to acquire skincare brands from Valeant for $1.3bn

L’Oréal is to acquire US-based skincare brands CeraVe, AcneFree and Ambi from pharmaceutical company Valeant for $1.3bn in cash.   The brands, which have combined annualized revenues of around $168m, will become part of L’Oréal’s Active Cosmetics division. L’Oréal USA...