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    1. Home
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    3. >France's L'Oreal acquires Migros' South Korean cosmetic unit
    Finance

    France's L'Oreal Acquires Migros' South Korean Cosmetic Unit

    Published by Global Banking & Finance Review®

    Posted on December 23, 2024

    1 min read

    Last updated: January 27, 2026

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    Quick Summary

    L'Oreal acquires Migros' South Korean skincare business, Gowoonsesang Cosmetics, including the Dr.G brand, to strengthen its dermocosmetics market position.

    L'Oreal Acquires Migros' South Korean Cosmetic Business

    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)

    Key Takeaways

    • •L'Oreal acquires Gowoonsesang Cosmetics from Migros.
    • •Dr.G is a leading brand in Korean dermocosmetics.
    • •The acquisition strengthens L'Oreal's market position.
    • •The deal was confirmed by L'Oreal on Monday.
    • •Reuters reported the acquisition prior to confirmation.

    Frequently Asked Questions about France's L'Oreal acquires Migros' South Korean cosmetic unit

    1What is the main topic?

    The main topic is L'Oreal's acquisition of Migros' South Korean skincare business, Gowoonsesang Cosmetics.

    2Who is the leading brand in Korean dermocosmetics?

    Dr.G is the leading brand in the Korean dermocosmetics market.

    3What does the acquisition mean for L'Oreal?

    The acquisition strengthens L'Oreal's position in the dermocosmetics market.

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