L’Oréal has signed an agreement to renew a licence allowing it to continue to make products under the Armani name until 2050.
Based in France, L’Oréal is a leading cosmetics company, while Armani is an Italy-based fashion house founded by Giorgio Armani.
Armani has been working with L’Oréal since 1988 and some of the products in its portfolio include Acqua di Giò, Code Man, Les Eaux and La Collection fragrances, as well as Face Fabric make-up and Crema Nera Extrema skin treatment.
The licence renewal is followed by L’Oréal’s acquisition of ModiFace, which forms a part of the firm’s digital acceleration strategy.
QB Net Holdings Co has announced plans for an initial public offering (IPO) of 11,244,445 shares priced at CNY2250 ($21.31) each to raise CNY25.3bn ($39.59m).
Based in Japan, QB Net Holdings is an operator of haircut speciality stores.
Mitsubishi UFJ Morgan Stanley Securities Co is the lead underwriter for the transaction.
Mallygirl has received venture funding from Guthy Renker Ventures.
Also known as Mally Beauty, Mallygirl offers cosmetics, make-up and beauty supplies, while Guthy Renker Ventures is a venture capital firm.
The funding will be used for the expansion of Mallygirl’s business.
Strand Equity Partners has completed an acquisition of a minority stake in Youth To The People.
Both the companies involved in the deal are based in the US.
Youth To The People is engaged in the production of natural anti-ageing skincare products.
