March 19, 2015 / 7:50 AM / 4 years ago

Interparfums set to buy Rochas for $108 million

Model Lily Donaldson presents a creation by Italian designer Alessandro Dell'Acqua as part of his Autumn/Winter 2015/2016 women's ready-to-wear collection for fashion house Rochas during Paris Fashion Week March 4, 2015. REUTERS/Charles Platiau

PARIS (Reuters) - Interparfums (IPAR.PA) said on Thursday it would buy perfumes and fashion company Rochas from U.S.-based Procter & Gamble (PG.N) for $108 million, taking the French fragrances group into the fashion business for the first time.

Confirming an earlier report in Le Figaro newspaper, the company said in a statement it hoped to close the deal by the end of the first half of 2015 and would finance it with medium term debt.

Reporting by Alexandre Boksenbaum-Granier and Andrew Callus; Editing by Blaise Robinson

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