L'Oréal S.A. (ENXTPA:OR) agreed to acquire Skinbetter Skinbetter LLC on September 23, 2022. The brand's leadership team will continue to run the business following the acquisition and will be integrated under the leadership of Christina Fair, President of the Active Cosmetics Division within L'Oréal USA. The closing is expected to occur in early Q4 2022, subject to the standard regulatory approvals and other customary conditions.

Andrew Clark, Charles K. Ruck and Julie Scallen of Latham & Watkins LLP acted as legala advisor to Skinbetter science LLC. Weil, Ghotsal & Manges LLP acted as legal advisor to Skinbetter science LLC. Michael E. Lubowitz, Naomi Munz, Annemargaret Connolly, Brianne L. Kucerik, Michael A. Epstein, Miranda S. Schiller, Noah Beck, Paul J. Wessel, Shawn Brett Cooley, Steven M. Margolis, John O'Loughlin, Matthew D. Morton, Olivia J. Greer, Ivor Gwilliams, Rob Meyer, Lauren Springer, Michael C. Naughton, Nathan Cunningham, Kevin Donegan of Weil, Gotshal & Manges LLP acted as legal advisor to L'Oréal.

Lazard Freres & Co. LLC acted as financial advisor to Skinbetter Skinbetter.