I have just read the news that L'Oreal cosmetics giant is to purchase the very popular IT Cosmetics! A majority of cosmetic companies are owned by much larger companies and has been the case for a long time.

It is reported that it will be costing L'Oreal $1.2 Billion dollars cash to acquire IT Cosmetics.

Thankyou to Nouveau Cheap beauty blog for the report via a reader of theirs and you can read more about this acquisition on Bloomberg L'Oreal to purchase IT Cosmetics

Nouveau Cheap also noted that Revlon has acquired Elizabeth Arden for $419 million dollars.