7.29.2006

Alticor Family of Companies Growing

On The Road With Dave -
Alticor Acquires Laura Mercier/Gurwitch Products
Alticor Inc. today announced that it acquired Gurwitch Products, a luxury cosmetics and skin care company that develops, manufactures and markets cosmetics under the brand name Laura Mercier®, from The Neiman Marcus Group.

Under the terms of the transaction agreement, Gurwitch Products will operate as a stand-alone, wholly owned subsidiary of Alticor, and maintain its current retail distribution channels through high-end department stores and online retailers.

Through its 100 percent ownership of Gurwitch Products, Alticor expects to enhance its insight into the luxury cosmetics marketplace, and leverage combined product development capabilities to realize enhanced growth opportunities in Alticor’s direct sales premium beauty business. With the support of Alticor’s global infrastructure and resources, Gurwitch Products will continue to grow the Laura Mercier business and add to its strong luxury brand portfolio. (more ...)

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