L'Oréal finalises acquisition of Mugler and Azzaro from Clarins

Translated by
Jennifer Braun
today Oct 22, 2019
Download the article
Click here to print
Text size
aA+ aA-

French cosmetics giant L'Oréal and Clarins group announced Monday the conclusion of its agreement for the sale of the Mugler brands and Azzaro fragrances to L'Oreal, according to a news statement from the two groups.

Mugler - Spring/Summer 2020 - Womenswear - Paris - © PixelFormula

The two groups entered into exclusive negotiations for the acquisition at the beginning of July. 
L'Oréal acquired the "fragrance" division of Clarins, which represents approximately 340 million euros in sales in 2018. The amount of the transaction was not disclosed.

The businesses sold by Clarins include Mugler, Thierry Mugler (fashion), Clarins Fragrance Group (CFG), CFG France, CFG UK and Cosmeurop.
The signing of the agreement followed consultation with employee representatives from both parties. 
The finalization of the acquisition is expected in the first quarter of 2020, the statement said.

Copyright © 2019 AFP. All rights reserved. All information displayed in this section (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the contents of this section without the prior written consent of Agence France-Presses.