L’Oreal USA acquires Columbia Beauty Supply
PARIS Beauty company L’Oreal USA, a subsidiary of L’Oreal, has acquired Columbia Beauty Supply. Terms of the deal were not disclosed.
The acquisition, according to the company, demonstrates L’Oreal’s commitment to offer a better service to U.S. hair salons. In 2007, Columbia Beauty Supply generated sales of about $60 million supplying hair salons in the Southeastern part of the United States through distributor sales consultants and outlets reserved for professionals.
Columbia Beauty Supply will operate within the professional products division. The deal follows that of Beauty Alliance and Maly’s West acquired by L’Oreal USA in April and July 2007, respectively. Geographically complementary, Columbia Beauty Supply will be managed by Beauty Alliance.
Walgreens hosts launch of Merlot Skin Care lip moisturizer
EL PASO, Texas Merlot Skin Care, a maker of grape-seed based skin care products, is launching at Walgreens in March its new Lip Moisturizer.
The lip product is made with natural grape seed oil and beeswax and offers SPF 15 protection.
“Coming out of the harsh winter months, Merlot’s Lip Moisturizer delivers needed relief,” stated Wayne Beckley, founder of Merlot Skin Care. “The soothing beeswax and Merlot’s signature natural grape seed oil make for an unbeatable combination of protection and conditioning. Put it in your pocket for great lip care on the go.”
The .15 ounce tube is expected to retail for $2.99.
Rogers appointed to Physicians Formula board of directors
AZUSA, Calif. Cosmetics company Physicians Formula has appointed Jeff Rogers, the company’s president, to join its board of directors. He succeeds Craig Frances, who has resigned to devote more time to his other business activities.
Rogers has served as president of the company since August 2006 and as senior vice president of sales from January 1998 to August 2006. He joined the beauty company in April 1991 as a sales director and was promoted to vice president of sales in June 1991. Previously, Rogers worked at Revlon and Del Laboratories.
“We appreciate Craig Frances’ contribution to Physicians Formula and thank him for his valued input and contribution over the past four years,” stated Ingrid Jackel, chief executive officer.
Current board member Jeff Berry will assume Frances’ roles as chair of the compensation committee. In addition, current board member Sonya Brown will join the compensation committee and will also assume the role of chair of the nominating and corporate governance committee.