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L'OREAL BUYS REMAINDER OF LE CLUB... ORGNANIC ITEMS GET STANDARDS.(L'Oreal Paris' acquisition of Le Club Createurs de Beaute)

WWD

| March 04, 2008 | Nagel, Andrea | COPYRIGHT 1999 Fairchild Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Andrea Nagel

PARIS L'Oral, which already owns 50 percent of Le Club des Crateurs de Beaut, has agreed to acquire the 50 percent share held by Groupe 3 Suisses International, the French beauty giant announced Monday.

Terms of the deal were not disclosed.

Created through a joint venture in 1987 by L'Oral and Groupe 3 Suisses International, a French catalogue powerhouse, Le Club des Crateurs de Beaut had a novel concept. Its idea was to recruit a half dozen "creators," three of them French fashion designers, and let them concoct their own beauty brands, then sell the affordably priced products directly to consumers through catalogues. In time, …

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Source: HighBeam Research, L'OREAL BUYS REMAINDER OF LE CLUB... ORGNANIC ITEMS GET...

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