Ten years after acquiring Decléor from Shiseido as part of a $241.5 million deal and a year after announcing it would cease operations of the spa brand, L'Oréal is selling Decléor and Saint-Gervais Mont Blanc to Cospal.WHO: Decléor was founded in 1974 by two visionary women, one a beauty therapist and the other a renowned aromatherapist. Long before the benefits of aromatherapy were recognized and botanical skincare became mainstream, these two pioneers used their combined expertise to develop ground-breaking treatments that featured potent, pure, plant-based products known as Aromessence.For 115 years, L’Oréal, the world’s leading beauty player, has had a broad portfolio of 37 international brands with over 90,000 committed employees, a balanced geographical footprint, and sales across all distribution networks—e-commerce, mass market, department stores, pharmacies, perfumeries, hair salons, and branded and travel retail. With 20 research centers across 11 countries around the world and a dedicated Research and Innovation team of over 4,000 scientists and 6,400 digital talents, L’Oréal is focused on inventing the future of beauty and becoming a beauty tech powerhouse. French group Cospal is a family-owned and independent industrial group. It was founded by Matthieu Lesieur, who co-founded WeFix, a smartphone repair chain operating over 120 stores in France, which was sold to the Fnac-Darty group. Active in beauty and well-being, Cospal aims to hold a portfolio of brands by adopting a long-term development vision. Cospal aims to continue its development both organically and through external growth.