SPAC Led by Former L’Oreal Executives to Form $1.2 Billion Beauty Company

Skincare startup Obagi and make-up model Milk Makeup are merging with Waldencast Acquisition Corp . , a special-purpose acquisition firm based by two former L’Oréal executives in a deal that values the mixed enterprise at roughly $1.2 billion.
Milk Makeup is a vegan make-up model that’s bought at Sephora, amongst different retailers. Obagi’s merchandise are aimed toward minimizing the looks of solar injury, getting older and pimples, and are primarily obtainable by means of dermatologists and different professionals.

https://www.wsj.com/articles/spac-led-by-former-loreal-executives-to-form-1-2-billion-beauty-company-11636974001