Neville Prior

L’Oréal to Buy Urban Decay Cosmetics

Neville Prior  26 November 2012 02:42:09 PM
French beauty and skin-care giant L'Oréal SA said Monday it has agreed to buy privately owned makeup company Urban Decay Cosmetics LLC, adding another footprint in the fast-growing market for higher-end makeup. L'Oreal didn't disclose financial details, but a person familiar with the matter said the French company is paying between $300 million and $400 million for Urban Decay, owned by private-equity firm Castanea Partners. The Wall Street Journal reported in August that Urban Decay was on the block and seeking as much as $350 million.
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