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L'Oreal USA to buy Carol's Daugher
L'Oréal USA has announced plans to acquire multi-cultural beauty brand Carol's Daughter.
Financial terms of the deal were not disclosed.
Created by Lisa Price in 1993, Carol's Daughter offers a range of products that are available at specialty beauty stores, mass retailers, on HSN, through e-commerce and at Carol's Daughter branded stores in New York City. For the 12 months ended Sept. 30, Carol's Daughter had net sales of $27 million.