The conglomerate bought its former partner’s 50 percent share to take full ownership of the Spanish skincare label.
Liz Flora is a Beauty Correspondent at The Business of Fashion (BoF). Based in Los Angeles, she covers themes related to the beauty and fashion industries, including hair care, makeup, skincare, and the intersection of business and entrepreneurship. Her work has been featured in Glossy, Digiday, Modern Retail, and various other prominent publications.