Clarins considers Mugler future
This article was originally published in The Rose Sheet
Executive Summary
Pending decision on whether to halt operation of its Thierry Mugler fashion business will not impact the Mugler fragrance business, Clarins says. In an announcement following a Thierry Mugler committee meeting Dec. 12, Clarins says it is preparing plan of termination that will be evaluated before a final decision is reached. Fashion business has shown "substantial recurring" losses, company explains...
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Pending decision on whether to halt operation of its Thierry Mugler fashion business will not impact the Mugler fragrance business, Clarins says. In an announcement following a Thierry Mugler committee meeting Dec. 12, Clarins says it is preparing plan of termination that will be evaluated before a final decision is reached. Fashion business has shown "substantial recurring" losses, company explains.... |