EXCLUSIVE: Mustela Owner Acquires Babo Botanicals

French pharmaceutical business Laboratoires Expanscience has acquired New York-based Babo Botanicals LLC. Babo, founded by beauty industry veteran Kate Solomon in 2010, makes mineral- and plant-based skin-care, sun-care and hair-care products that target babies, children and adults. The brand's products are Environmental Working Group-certified and center around botanical ingredients. Terms of the deal were not disclosed, but industry sources said […]

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