During the economic crisis, mergers and acquisitions are rarely completed, but L'Oréal has just completed the acquisition of both Mugler and Azzaro perfumes.
The deal took place, despite the complicated market situation caused by the coronavirus pandemic, Fashion United reported.
“We are delighted to welcome in the L’Oréal family the staff of Mugler and Azzaro, who are now with us. We will do our best to take care of them at this very difficult time,” said Cyril Chapuy, president of L'Oréal Luxe, in a statement.
Follow NEWS.am STYLE on Facebook, Twitter and Instagram
19:42, May 25
Wine Story: Wine and movie night - choosing drink to match film genre23:11, May 24
Kelly Rowland makes a splash with new photos in a gold bra22:21, May 24
Computer whiz who died of leukemia to be declared first millennial saint by Pope Francis20:16, May 24
New York artist creates huge Hermès Birkin bag that you can lie down on19:23, May 24
Australia's richest woman doesn't like her portrait, demands it be removed from exhibition16:12, May 24
Demi Moore in stunning Loewe dress15:23, May 24
Steven Spielberg's new movie to be released in 202614:37, May 24
World’s most expensive feather sold at auction in New Zealand for $28,40013:14, May 24
Jennifer Lopez responds to question about Ben Affleck12:45, May 24
Serena Williams loses weight after giving birth: You never know when you'll need to do the splits12:18, May 24
Celine Dion almost dies while fighting SPS10:48, May 24
Britney Spears posts another naked video