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L'Oréal Signs Agreement for Mugler and Azzaro Fragrances

21 days ago   |   By

PARIS - L'Oréal is delving deeper into the designer fragrance category after having signed an agreement to acquire the Mugler brands and Azzaro fragrances from Groupe Clarins.
The activities - including Mugler, Thierry Mugler , Clarins Fragrance Group , CFG France, Cosmeurop and CFG U.K. - generated about 340 million euros of sales last year, L'Oréal and Groupe Clarins said on Monday after the close of the Paris bourse.
Financial terms of the deal, which should be complete in the first quarter of 2020, were not disclosed.
In early July, it was announced that the world's largest beauty...
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