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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.

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