February 4, 2020 / 5:50 PM / 16 days ago

France's L'Oreal to sell Roger & Gallet brand to Impala

FILE PHOTO - The logo of French cosmetics group L'Oreal is pictured in a retail store in Bordeaux, France, October 29, 2019. REUTERS/Regis Duvignau

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

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below