Target Corporation sold its subsidiary Dermstore LLC, an online retailer of skincare and beauty products, for $350 million in early 2021. Faegre Drinker represented Target in the disposition.
The disposition comes on the heels of Target Corporation announcing a strategic, long-term partnership with Ulta Beauty to create a “shop-in-shop” concept that will offer established and emerging prestige beauty brands online and in select Target locations nationwide beginning in 2021.
