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Sanofi

This article was originally published in The Rose Sheet

Executive Summary

Beauty business sales increased 9.7% to approximately $294.6 mil. (FFr 1.7 bil.) on constant exchange rates for the first half, boosted by Yves Saint Laurent and the worldwide launch of So de la Renta, the company reported Sept. 2. Due to price improvements, the beauty division recorded an operating profit of about $6.8 mil. (FFr 39 mil.), compared to an operating loss of nearly $5.4 mil. (FFr 31 mil.) in the first half of 1997. The company as a whole registered sales of $2.23 bil. (FFr 12.9 bil.), a 6.5% increase over the same period last year. During the half, Sanofi's capital gains totaled approximately $14.4 mil. (FFr 83 mil.), due in part to the sale of the Nina Ricci brand to Puig, completed Jan. 8 ("The Rose Sheet" Feb. 16, In Brief)...
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