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French L'Oreal to buy U.S. firm NYX Cosmetics
June 18, 2014 / 4:05 PM / 3 years ago

French L'Oreal to buy U.S. firm NYX Cosmetics

PARIS (Reuters) - French cosmetics group L‘Oreal (OREP.PA) said on Wednesday it had signed an agreement to acquire Los Angeles-based NYX Cosmetics as it builds up its stable of U.S. brands.

The logo of French cosmetics group L'Oreal is seen on the company's building in Clichy, near Paris February 11, 2014. REUTERS/Benoit Tessier

L‘Oreal did not release the price it was paying for the company, but said the U.S. firm had sales in the year to the end of May of $93 million, up 57 percent on the previous period on a comparable basis.

Reporting by Leigh Thomas; editing by Geert De Clercq

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