The international skin care and fragrances group has a global turnover of around $1.5bn, and is currently expanding operations in the region
August 19, 2008 5:20 by kippreport
The group announced sales of around $715m in the first half of this year, up 4.1 percent at constant exchange rates from last year.
Its skin care range contributed most to the firm’s growth, and the company attributed low perfume sales to lack of new launches compared to the same period of last year.
Clarins also predicted a full-year sales growth of just 4 percent at constant exchange rates, because of unfavorable foreign exchange trends.
Earlier this year, it was reported that the Courtin-Clarins family, which owns 64.9 percent of the beauty house’s equity, plans to buy out the minority shareholders’ interests and then delist from the stock exchange.
This followed rumors of potential takeovers by Estée Lauder, LVMH, Procter and Gamble, and L’Oréal. Clarins later denied all the reports.
UAE and Azerbaijan discuss economic, trade ties
Emaar Properties Q1 net profit soars 17 per cent
Petrol to cost nearly 10 per cent more in May across the UAE
Genel courts Turkey with Kurdish gas to reduce reliance on Russia
Apple sales fall 13 per cent in first quarterly revenue decline in 13 years