L'Oreal in Exclusive Talks With Clarins Group to Acquire Mugler, Azzaro Brands
02 July 2019 - 5:10PM
Dow Jones News
By Anthony Shevlin
L'Oreal SA (OR.FR) said Tuesday that it is in exclusive
negotiations with the Clarins Group to acquire the Mugler and
Azzaro brands.
The French cosmetics and consumer-products company didn't reveal
any financial details but said the deal should be completed during
2019.
"We would be thrilled to welcome Mugler and Azzaro: These
signatures, with a long history in fashion and olfaction, would
perfectly complete our portfolio of brands," said Cyril Chapuy,
president of L'Oreal Luxe.
Mr. Chapuy said the perfume category is "at the heart" of its
global growth strategy for its Luxe division.
Write to Anthony Shevlin at anthony.shevlin@dowjones.com;
@anthony_shevlin
(END) Dow Jones Newswires
July 02, 2019 02:55 ET (06:55 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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