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Clarins

This article was originally published in The Rose Sheet

Executive Summary

Beauty sales up 9% to $243.3 mil. for the first half. The cosmetic division, which represents two-thirds of net sales, "showed a healthy increase" driven by the Clarins, Azzaro, Montana and Thierry Mugler brands, the company said. Fragrance sales, which include the Chrome, Angel and A Men scents, rose 27.3% to $98.2 mil. for the period, based on FFr 5.5975 = $1. Net sales increased 21.5% to $365 mil., and net income jumped 66.4% to $19.7 mil. Clarins "results were achieved against a backdrop of fierce competition and highly difficult trading conditions in Asia," the company noted. Consolidated net sales for the year are expected to be roughly $700 mil
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