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Beauty Industry

L’Occitane Group Takes On Korean Firm

Purchases Symbiose Cosmetics, a Korean maker of oriental medicine cosmetics.

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By: Jamie Matusow

Editor-in-Chief

As Korean goods gain acclaim, and Asian skin care consumers thrive in number, L’Occitane Group has announced the purchase of Symbiose Cosmetics, a Korean manufacturer of “oriental medicine cosmetics.”

L`Occitane Group reportedly acquired 50.14% of Symbiose, and expects to increase that to 63%. The remaining 37% is owned by Symbiose founder and CEO Lee Ho-jung, who once served as a cosmetics developer at L’Oreal.

Symbiose`s premium brand Erboriant is sold at major stores in Europe.

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