The UK cosmetics giant L’Oréal is to buy cosmetics company Ofra.
L’Atelier, which also makes cosmetics products, has about 5,000 employees and employs more than 3,500 people worldwide.
The deal is worth about £7 billion ($8.9 billion) and will create the UK’s largest cosmetics group.
The company will focus on cosmetics and hair care and cosmetics-related services, according to L’Aéropostale, the group’s chief executive.
Léonard Bierkens, the head of L’Asclep-Tec, said the deal would “enhance the competitiveness and the strength of the UK cosmetics industry”.
L’Artisan will also take over the cosmetics business of French brand L’Occitane, which will focus more on cosmetics.
Bierks said: “The acquisition of Ofra will strengthen L’Anse Pompidou Group, which is the leading global brand for the beauty and lifestyle category.”
L’Apollinaire, which makes fragrances and scents, is also set to take over L’Avion and L’Amour.
“The merger of LAS Cosmetics and Ofra is a great outcome for the cosmetics sector,” said L’Onclep.
“This acquisition strengthens our leadership position and our strong relationships with leading brands, with an eye to the future.”
In a statement, Ofra said: The acquisition of LAP Group will allow us to expand and expand our business and the future success of the Group.
“It is an excellent strategic decision that will enable us to invest in the long-term growth of our business in the UK,” said Andrew Wright, CEO of Ofras.
“LAP Group has a deep and passionate brand following, and we look forward to working closely with LAP to create a new and exciting world of beauty.”
In its first half of the year, Ofras reported a loss of £3.5 billion ($4.3 billion) on sales of £10.4 billion ($17.9 trillion).