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08.07.2019Claire Fougea, Marion Brière Ségala

Franklin advises Clarins in its exclusive negotiations with L’Oréal over the sale of its Fragrance and Fashion division

French cosmetics giant L’Oréal is in exclusive talks with the Clarins Group to acquire its Fragrance and Fashion division, which owns iconic global brands Mugler and Azzaro.

The proposed deal is to be submitted to Clarins’s and l’Oréal’s employee representatives for their views and to regulatory authorities for approval. The sale should take place in the second half of 2019.

Clarins is advised by Franklin’s employment team led by partner Claire Fougea, assisted by of counsel Marion Brière Ségala.