The L’Oréal group is rationalizing its brand portfolio by selling two of its lesser-known brands—Saint-Gervais Mont Blanc dermatological spa center and cosmetic brand Decléor—to French group Cospal. WHO: Founded in 1807, the Saint-Gervais Mont Blanc thermal spa is located in France’s Rhône-Alpes region. Mont Blanc’s pure water is protected by a unique ecosystem known for its naturally soothing and beneficial properties recognized for over two centuries. Its dermatological spa center attracts over 100,000 visitors a year. In 2012, the range of Saint-Gervais Mont Blanc products was launched using 100% Mont Blanc thermal spring water and natural extracts of alpine plants. The products are primarily distributed through pharmacies.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.