French luxury group Chanel will sell its cosmetics brand Bourjois to perfume manufacturer Coty in return for 4.2 % of the American company's shares. In total, Chanel will get 15 million shares, which means Bourjois is valued at 190 million euro.
American cosmetics group Elizabeth Arden has finally found a new investor, which was needed after a record dive in turnover in its last quarter. In the past quarter, it has to deal with a 145 million dollar loss.
HEMA is not in receivership, the department store chain has stated in a press release. It refutes the claims made by Financieele Dagblad, which had stated that several banks and Lion Capital took control.
German erotica company Beate Uhse has struck a deal with El Asira, a cosmetics company from Amsterdam, to conquer Muslim countries. CEO Serge van der Hooft gives himself 6 months to conquer "an enormous growth market".