L'Oreal Mulls Investment in Luxury-Fragrance Brand Amouage, Bloomberg Reports

Dow Jones04-04

--L'Oreal is considering a potential purchase of a minority stake in Omani luxury-fragrance company Amouage, Bloomberg reports, citing unnamed sources.

--Amouage's current owner, conglomerate Sabco Group, is seeking a valuation of more than 3 billion euros ($3.25 billion) in any deal, according to Bloomberg.

--L'Oreal, Amouage and Sabco Group didn't immediately respond to requests for comment when contacted by Dow Jones Newswires.

Full story: https://shorturl.at/tMQU3

Write to Adria Calatayud at adria.calatayud@wsj.com

(END) Dow Jones Newswires

April 04, 2024 02:39 ET (06:39 GMT)

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