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ELF SANOFI 1993 PERFUMES AND BEAUTY PRODUCTS SALES NEARLY DOUBLE

This article was originally published in The Rose Sheet

Executive Summary

ELF SANOFI 1993 PERFUMES AND BEAUTY PRODUCTS SALES NEARLY DOUBLE, rising 97.7% to FFr 3.9 bil., or $662.2 mil. based on a Dec. 31 exchange rate of FFr 5.894 = $1, the firm announced recently. The gain was due primarily to the May acquisition of Yves Saint Laurent Groupe by Elf Sanofi in a stock swap ("The Rose Sheet") Jan. 25, 1993, p. 1). Sanofi noted that perfumes and beauty products sales were up 10.3% on a comparable basis. Perfumes and Beauty Products division sales comprise revenues from Sanofi Beaute as well as from Elf Sanofi's equity interest in Nina Ricci and Yves Rocher.
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