Latham & Watkins has advised L’Oréal, the world’s leading beauty player, on its agreement with Swiss retail group Migros to acquire Dr.G, the South Korean skincare brand founded by Dr. Ahn Geon-Young in 2003. Dr.G has been one of the leading skincare brands in South Korea for more than 10 years.

The transaction is expected to be completed in the next few months after applicable regulatory approvals are obtained.

The Latham team was led by Paris corporate partner Pierre-Louis Cléro, with associates Claudia Reix and Julien Zeitoun. Advice was also provided on antitrust matters by partner Mathilde Saltiel; on IP and commercial contracts matters by partner Jean-Luc Juhan with associate Daniel Martel; on tax matters by partner Olivia Rauch-Ravisé with associate Camille Pons, and on employment matters by partner Matthias Rubner with counsel Romain Nairi.