France’s L’Oreal to sell Roger & Gallet brand to Impala
PARIS (Reuters) – French cosmetics group L’Oreal <OREP.PA> said it had entered exclusive talks with the French investment holding Impala for the sale of its Roger & Gallet perfume and soap brand.
Financial terms were not disclosed.
Founded in 1862 in Paris and part of L’Oreal since the acquisition of Yves Saint Laurent Beauté in 2008, Roger & Gallet’s fragrance-based products range from perfumes to toiletries to skincare.
In 2018, the brand generated 52 million euros (43.7 million pounds)of sales.
(Reporting by Dominique Vidalon; Editing by Edmund Blair)