France’s L’Oreal to buy Japanese skincare company Takami

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French cosmetics maker L’Oreal has signed an agreement to buy Japanese skincare company Takami, it said on Wednesday.

A L’Oreal statement said the acquisition should be completed in the next few weeks.

The Takami brand had about 50 million euros ($60.95 million) in revenue in 2019, L’Oreal added.

($1 = 0.8203 euros)

Main Photo: The L’Oreal sign in Paris, Paris, France. EPA-EFE/YOAN VALAT

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