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France’s L’Oreal acquires Migros’ South Korean cosmetic unit

Published by Uma Rajagopal

Posted on December 23, 2024

1 min read

· Last updated: January 27, 2026

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L'Oreal logo with South Korean skincare products, highlighting acquisition - Global Banking & Finance Review
Image showcasing L'Oreal's logo alongside popular South Korean skincare products from Gowoonsesang Cosmetics, illustrating the recent acquisition of this leading brand by L'Oreal, emphasizing their expansion into the Korean dermocosmetics market.
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PARIS (Reuters) – French cosmetics giant L’Oreal said on Monday it had signed a deal with Swiss retailer Migros to buy the latter’s South Korean skincare business Gowoonsesang Cosmetics, which includes the skin care brand Dr.G. The company’s announcement confirms Reuters’ report on Friday. Dr.G is the No. 1 facial care line in the Korean […]

PARIS (Reuters) – French cosmetics giant L’Oreal said on Monday it had signed a deal with Swiss retailer Migros to buy the latter’s South Korean skincare business Gowoonsesang Cosmetics, which includes the skin care brand Dr.G.

The company’s announcement confirms Reuters’ report on Friday. Dr.G is the No. 1 facial care line in the Korean dermocosmetics market.

(Reporting by Benoit Van Overstraeten and Dominique Patton; Editing by Makini Brice)

Frequently Asked Questions

What is an acquisition?
An acquisition is a financial transaction where one company purchases another company, gaining control over its assets and operations. This can enhance market share, expand product lines, or enter new markets.
What is a cosmetics brand?
A cosmetics brand refers to a company that produces and sells beauty products, including makeup, skincare, and fragrance items. These brands often focus on innovation and consumer trends.
What is the dermocosmetics market?
The dermocosmetics market involves products that combine cosmetics and dermatological benefits. These products are often formulated to address specific skin concerns and are typically sold through pharmacies and dermatologists.

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