L'Oreal increases stake in Galderma to 20%

Core Viewpoint - L'Oreal has increased its stake in Galderma to 20% by acquiring an additional 10% stake in the dermatology firm [1] Company Summary - L'Oreal, a French cosmetics group, has made a strategic investment in Galderma, a dermatology company, by purchasing a further 10% stake [1] - This acquisition raises L'Oreal's total ownership in Galderma to 20%, indicating a strong commitment to expanding its presence in the dermatology sector [1] Industry Summary - The move reflects a growing trend in the cosmetics industry where companies are diversifying their portfolios to include dermatological products, which are increasingly in demand [1]