L’Oréal has signed an agreement with Clarins Group to acquire its entire fragrance division which includes Mugler and Azzaro. The deal is set to close in the first quarter of 2020.
Independent cosmetic giant Clarins has been given the go ahead by French authorities to proceed with the proposed buy back scheme that should lead to a stock market delisting.
Citing a lengthy legal battle Clarins has defended itself against a
targeted interest group campaign that describes the luxury brand's
Angel Parfum as inherently dangerous.
As shares in the luxury French cosmetics player continue
to fluctuate over take-over speculation, Clarin's executives
have again confirmed their intentions that the company will remain
independent.
Clarins' chief executive says the company intends to remain
independent, quashing rumours that have linked it to some of the
biggest names in the business as potential buyers.
French luxury products and retail group PPR is the latest company
to be linked to a buy-out of one of the last remaining independent
major cosmetics companies, Clarins.
Following the death of Clarins founder Jacques Courtin-Clarins,
Procter & Gamble is rumored to be just one of the potential
buyers of the luxury France-based cosmetic player - one of the last
remaining independently owned international...
Upmarket beauty player Clarins has received a €500,000 fine from
the French Conseil de la Concurrence (Competition Council) after
being found guilty of price-fixing between 1997 and 2007.
Leading skin care and beauty company Clarins has come in for
criticism from a US-based toxicology organisation over allegations
that ingredients used in its products may cause users serious
allergic reactions.
Clarins has announced that its contract to distribute fragrances
for Procter & Gamble in the United States would come to an end
on 31 December 2005, in a move that would allow it to concentrate
on its own fragrance brands, Clarins,...
