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L’Oréal has acquired a majority stake in British skincare brand Medik8, the companies announced Monday. The brand will be managed under the beauty giant’s Luxe division, sitting alongside premium lines like Aesop and Kiehl’s. The terms of the transaction were not disclosed, though a recent report in the Financial Times said the brand was valued at roughly $1 billion.
Medik8, which was founded in 2009 by Elliot Isaacs, sells science-backed serums that are designed to preserve and…
