drugstore.com Acquires Beauty.com
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The acquisition will provide drugstore.com, which is paying 1.3 million in stock for the site, with access to a larger share of the $6.2 billion prestige beauty market. Beauty.com will operate as a sister store to drugstore.com (DSCM), offering customers Beauty.com's hundreds of prestige cosmetics and fragrance brands.
Beauty.com will remain its own separate brand, keep its URL and continue to create its own merchandising, marketing and editorial content from its current headquarters in New York. drugstore.com will lend operational infrastructure, technology and order-related customer service to Beauty.com.
Beauty.com will also continue to expand its content, producing advice from world-renowned beauty experts.
"We had in mind women in the 25-50 age demographic who make beauty decisions for not only themselves, but for their whole families as well."