L'Oréal sells Carol's Daughter to its founder and an independent entrepreneur
L'Oréal USA announced on Monday, March 3, it has divested textured haircare brand Carol's Daughter to founder Lisa Price and alongside an independent beauty entrepreneur. The financial details of the transaction remain undisclosed. L'Oréal also did not reveal the name of the co-investor, only mentioning “an independent beauty entrepreneur with a proven track record of acquiring and growing beauty brands.” Industry insiders immediately identified Joe Wong, a veteran from the finance sector... - Industry buzz
L'Oréal USA announced on Monday, March 3, it has divested textured haircare brand Carol's Daughter to founder Lisa Price and alongside an independent beauty entrepreneur.
The financial details of the transaction remain undisclosed. L'Oréal also did not reveal the name of the co-investor, only mentioning “an independent beauty entrepreneur with a proven track record of acquiring and growing beauty brands.” Industry insiders immediately identified Joe Wong, a veteran from the finance sector...
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Industry buzz
