By Cristina Roca

L'Oreal SA has signed an agreement to acquire U.S. skincare company Youth to the People, it said late Wednesday.

The French beauty company said the brand is expected to post sales of $50 million in 2021.

"Its skincare expertise based on healthy, vegan, high-efficacy formulas make it a very strategic addition to L'Oréal Luxe," L'Oreal said.

Financial details of the deal weren't disclosed.

Write to Cristina Roca at cristina.roca@wsj.com

(END) Dow Jones Newswires

December 09, 2021 01:11 ET (06:11 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
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