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flag L'Oreal acquires majority stake in skincare brand Medik8 to strengthen its market position.

flag L'Oreal, a French cosmetics company, plans to acquire a majority stake in British skincare brand Medik8 to boost its position in the growing skincare market. flag Founded in 2009, Medik8 specializes in scientifically-backed products for various skin issues like anti-aging and acne. flag The deal's financial details are undisclosed, but it's expected to help L'Oreal expand its premium skincare offerings, especially online, and tap into the increasing demand for effective skincare solutions post-pandemic.

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