THG acquires US skincare brand for $20m
THG, which owns Lookfantastic and Cult Beauty, has acquired skincare brand Biossance from US biotechnology group Amyris Inc for $20m (£15.8m).
The retailer has acquired the skincare brand including its IP, inventory and debtors in an auction and expects the deal to close by mid-December and complete integration of the brand by the first quarter of next year.
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