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L’Oréal Acquires Clarins Fragrance Divisions

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It’s official: L’Oréal has purchased the Clarins fragrance divisions, including brands such as Mugler and Azzaro.

Utilizing L’Oréal’s marketing, distribution and innovation resources, the brands will focus on international development. The transaction—of which financial terms were not disclosed—is slated to be finished in Q1 2020.