L’Oreal SA, the world’s largest cosmetics maker, announced on Oct. 20 that it has an agreement to acquire recently reorganized beauty brand Carol’s Daughter through a U.S. unit, Bloomberg News reported yesterday. Carol’s Daughter will continue to operate from its New York headquarters under its current leadership team, according to the L’Oreal statement. CD Stores LLC got bankruptcy court approval of its chapter 11 plan on Sept. 2. In bankruptcy, the company consolidated retail operations into two stores in Harlem and Brooklyn, New York. A 10 percent distribution was paid to creditors under the plan, according to a Sept. 15 closing report.
