L’Oreal to Buy Majority Stake in UK Skincare Brand Medik8

L’Oreal SA agreed to buy a majority stake in the UK company Medik8 as the French cosmetics group strengthens its presence in the booming skincare market.

The private equity firm Inflexion will keep a minority stake as part of the deal while the current management will stay on, L’Oreal said Monday without disclosing financial details.