April 6, 2018
Target has expanded its reach in the beauty business with the acquisition of e-commerce retailer DermStore Beauty Group. Financial terms of the deal were not disclosed.
This acquisition follows Target’s recent purchase of
Chefs
catalog and Cooking.com earlier this year.
Under the new deal, DermStore will become a wholly owned subsidiary of Target while continuing to operate as a separate entity under its online name, DermStore.com.
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