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Target Acquires Online Cosmetics Retailer DermStore

August 6, 2013: 12:00 AM EST
Target Corp. agreed to acquire online cosmetics retailer DermStore Beauty Group. As part of the transaction, DermStore will become a wholly owned subsidiary of Target and continue operating as DermStore.com. Target views the transaction as an opportunity for strategic growth. DermStore’s current chief executive officer will stay on as president of the subsidiary.
"Target to Expand Beauty Business Through Acquisition of DermStore", Target, August 06, 2013, © Target.com
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