Swiss luxury watchmaker Rolex has acquired watch retailer Bucherer to preserve the long-standing partnership between the two companies. This trade will be effective after the competition authorities have approved the transaction. Meanwhile, Rolex didn't disclose the cost of acquisition.
Cosmetics company Elf Beauty Inc. will acquire skincare brand Naturium for US$355 million in cash and stock as it aims to expand its presence in the skin care industry.
Cosmetics maker, Natura&Co Holdings is considering the sale of The Body Shop in a bid to cut costs. According to a security filing earlier this week seen by MARKETING-INTERACTIVE, the cosmetics line saw another quarter of declining sales.