Sanofi May Split Up Beauty Brands To Help Saleability Of Business
This article was originally published in The Rose Sheet
Executive Summary
Sanofi will divest its beauty business by the end of 1999 and may divide up the sale offering to separate its prestige brands, which include Yves Saint Laurent and Oscar de la Renta, from Yves Rocher, which is sold via mailorder in the U.S. The Dec. 2 announcement of the Sanofi beauty business sell-off occurred simultaneously with the Paris-based pharmaceutical firm's proposed merger with the French pharmaceutical company Synthelabo, which is owned in part by L'Oreal.
You may also be interested in...
Gucci Acquires $583.4 Mil. Sanofi Beauty Business From Artemis
Gucci is purchasing Sanofi Beaute from Artemis for $1 bil., giving the fashion house Yves Saint Laurent fragrances and cosmetics, Roger & Gallet, and fragrance licenses for Van Cleef & Arpels, Oscar de la Renta, Fendi and Krizia. Sanofi beauty sales total $583.4 mil.
OCA Applauds Organic Board's Recommendation To USDA: "Outlaw Nanotech"
With a push from the Organic Consumers Association, the National Organic Standards Board is recommending that the use of nanotechnology be strictly prohibited from products certified under the National Organic Program