L’Oréal’s Acquisition of Onesto Labs Approved by India’s Antitrust Watchdog
India's Competition Commission (CCI) has approved L'Oréal India's acquisition of Onesto Labs, the parent company behind the Innovist personal-care platform. The deal involves a full takeover with no financial details disclosed so far. Innovist operates several skincare and haircare brands such as Bare Anatomy, Chemist at Play, SunScoop, Vinci Botanicals, and Anecdote. Its founders will retain minority ownership and continue to manage operations alongside L'Oréal India. L’Oréal plans to integrate the acquired brands into its consumer products division in India, which is involved in research, innovation, manufacturing, marketing, sales, and exports of beauty and personal care products across multiple channels. The company has significant presence through manufacturing plants in Chakan (Maharashtra) and Baddi (Himachal Pradesh), as well as R&D centers in Mumbai and Bengaluru.
Topics: antitrust approval India CCI Innovist L'Oréal Onesto Labs