International lenders did not disclose specificities, but said it was part of global cost-cutting plansNovember 26, 2015 11:32
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.
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