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Perfumes: L'Oréal sells Cosmeurop less than a year after its takeover

2020-12-12T17:55:17.071Z


The French cosmetics giant L'Oréal announced on Friday in a press release its intention to sell the Cosmeurop cosmetics production site located in Strasbourg to the Superga group, just a few months after having acquired it from Clarins. Read also: Nicolas Hieronimus future CEO of L'Oréal L'Oréal management announced this project to Cosmeurop employees on Thursday, while committing to remain a “p


The French cosmetics giant L'Oréal announced on Friday in a press release its intention to sell the Cosmeurop cosmetics production site located in Strasbourg to the Superga group, just a few months after having acquired it from Clarins.

Read also: Nicolas Hieronimus future CEO of L'Oréal

L'Oréal management announced this project to Cosmeurop employees on Thursday, while committing to remain a

“partner”

of the site

“for a minimum period of 3 years”

, according to a

press

release sent to AFP, confirming information of the Latest News from Alsace.

The group has eleven other factories in France, including two

"specialized in the production of perfumes"

, which

"cover short and medium-term production needs"

.

He presents Superga as a

“French family group”

and specifies that the latter has undertaken

“not to proceed with a plan to safeguard employment over 3 years”.

The transaction should be finalized in spring 2021. L'Oréal acquired Cosmeurop in the first half of 2020, as part of the takeover of the Clarins “fragrance” division.

Source: lefigaro

All business articles on 2020-12-12

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