We inform you that on this website we use our own and third-party cookies to collect information about its use, improve our services and, where appropriate, display advertising by analyzing your browsing habits. You can expressly accept its use by pressing the "ACCEPT" button or configure and select the cookies you want to accept or reject in the settings. You can also get more information about our cookie policy here.

The global fashion business journal

Sep 29, 20205:53am

L’Oréal negotiates the sale of Roger & Gallet with Impala fund

The French beauty company is in talks with the investment fund Impala for the sale of one its cosmetic brand, the deal is expected close this summer.

Feb 5, 2020 — 4:02pm
MDS
Save

L’Oréal negotiates the sale of Roger & Gallet to Impala fund

 

 

L’Oréal negotiates the sale of Roger & Gallet. The French cosmetic company is in talks with the investment fund to sell the perfume and cream company, according to WWD. If the process continues, the agreement will be finalized this summer.

 

Roger & Gallet was founded in 1862 and reached sales of 52 million euros (57.4 million dollars) last year. Since the acquisition of Roger & Gallet, L’Oréal has maintained the company under the active cosmetics division.

 

L’Oréal ended the fiscal year 2018 (ended December 31) with a profit of 3.9 million euros (4.3 billion dollars), 8.8% more than the previous year. The group’s revenue grew by 7.1%, to 26,937.4 million euros (29.8 billion dollars).

Advertising
Participation rules

info@themds.com

 

Validation policy for comments: 

 
MDS does not perform prior verification for the publication of comments. However, to prevent anonymous comments from affecting the rights of third parties without the ability to reply, all comments require a valid email address, which won’t be visible or shared.
 
Enter your name and email address to be able to comment on this news: once you click on the link you will find within your verification email, your comment will be published.

0 comments — Be the first to comment
...