PARIS (Reuters) - French cosmetics group L’Oreal (OREP.PA) said it had entered exclusive talks with the French investment holding Impala for the sale of its Roger & Gallet perfume and soap brand.
Financial terms were not disclosed.
Founded in 1862 in Paris and part of L’Oreal since the acquisition of Yves Saint Laurent Beauté in 2008, Roger & Gallet’s fragrance-based products range from perfumes to toiletries to skincare.
In 2018, the brand generated 52 million euros ($57 million) of sales.
Reporting by Dominique Vidalon; Editing by Edmund Blair