THE WHAT? Rumors are swirling around L’Oreal and Omani perfume brand Amouage. The French beauty behemoth is said to be in private talks to acquire a minority stake in the luxury fragrance line.
THE DETAILS According to a report published by Bloomberg, quoting anonymous sources, Amouage owner, SABCO Group is seeking a valuation in excess of €3 billion for the business. Retail sales rose to US$210 million for 2023, Bloomberg reveals.
THE WHY? All parties declined to comment when contacted by Bloomberg but with luxury fragrance sales booming, and L’Oreal seeking to continue to extend its geographic reach, a potential deal is a logical step.
Clinical aesthetics products refer to a category of products used in the field of medical aesthetics or cosmetic dermatology. These products are typically designed and formulated to be used under the supervision of healthcare professionals, such as dermatologists, plastic surgeons, or trained aestheticians. They are distinct from over-the-counter cosmetics in that they often contain active ingredients or formulations that require expertise in their application or administration.
Examples of clinical aesthetics products include:
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Dermal Fillers: Injectable substances used to add volume, smooth wrinkles, and enhance facial contours. Examples include hyaluronic acid fillers like Juvederm and Restylane.
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Botulinum Toxin (Botox): Injectables that temporarily paralyze facial muscles to reduce the appearance of wrinkles caused by repetitive movements, such as frown lines and crow's feet.
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Chemical Peels: Solutions applied to the skin to exfoliate and improve its texture. They can treat acne, pigmentation issues, and signs of aging.
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Laser and Light Therapies: Devices that emit focused light or laser energy to treat various skin conditions, including acne, scars, and signs of aging.
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Prescription Skincare Products: Formulations containing active ingredients like retinoids (vitamin A derivatives), hydroquinone, or prescription-strength antioxidants to address specific skin concerns under medical supervision.
