Walgreens Boots Alliance seals beauty product development deal with Fareva

DEERFIELD, Ill. — Walgreens Boots Alliance on Tuesday announced that it has commenced its previously announced partnership with Fareva for the manufacture and supply of own beauty brands and private label products.



It's a 10-year deal that will capitalize on Fareva's significant research and development capabilities and enable the company to accelerate its global product strategy, Walgreens Boots Alliance stated when it first announced the deal in July.



Under the terms of the agreement, Fareva has acquired BCM, Walgreens Boots Alliance’s contract manufacturing business, which operates factories in the U.K., France and Germany.