Swiss company Galderma acquires skincare brand ZO Skin Health
Published
The Swiss company Galderma has taken a significant step in the world of skincare. The company has officially announced that it will acquire ZO Skin Health, a well-known brand specializing in skincare products.
A large sum of money is involved in this acquisition. According to sources, Galderma is paying approximately 1.5 billion dollars to acquire the company. Galderma is a major international player and hopes to further strengthen its position in the market for cosmetic skin products with this purchase.
ZO Skin Health was founded by the renowned dermatologist Zein Obagi. The brand is known for its scientific approach to skin problems and is sold worldwide, including in the Netherlands. Many clinics and beauticians use the brand's products in their daily practice.
The acquisition still needs to be approved by all official authorities. Once the deal is finalized, Galderma will add ZO Skin Health's products to its own extensive range. For consumers in the Netherlands, this means that the brand's products will likely remain available through the usual sales channels in the future.
Sources: FashionNetwork France
More Netherlands news
- ASE Technology's Revenue Rises in October
- AI company Databricks invests half a billion in the Netherlands
- US midterm elections weigh on tech stocks, Chinese stock market rises
- Doubt over Memphis Depay's international career
- Politics wants investigation into new name for Mariahoeve station
- From Party Line to Government Line: Why Rob Jetten Cannot Say the Same as Prime Minister and Party Leader
- Garmin Cirqa: an activity tracker without a screen
- Achmea Real Estate invests in new healthcare building of Slingeland