L'Oreal to Acquire Fragrance Brands from Clarins Group
October 21 2019 - 12:58PM
Dow Jones News
By Giulia Petroni
L'Oreal SA (OR.FR) signed an agreement to acquire the Mugler and
Azzaro brands from Clarins Group by buying its fragrances division,
the company said on Monday.
The French cosmetics giant didn't disclose financial details
regarding the acquisition, but said it should be completed within
the first quarter of 2020 after regulatory approvals.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
October 21, 2019 12:43 ET (16:43 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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