WWD.com/beauty-industry-news/financial/clarins-shares-suspended-1556795/
government-trade
government-trade

Clarins Shares Suspended

French beauty firm plans to issue statement after its request to halt trading.

PARIS — Trading of Groupe Clarins’ stock on the Paris Bourse was suspended today at the request of the company, which will issue a statement.

However, the French beauty firm would not specify when the statement would be issued.

Clarins’ stock stopped trading at 43.72 euros, or $68.76 at current exchange.

There has been longstanding speculation that Clarins might be the subject of a takeover bid by everyone from Estee Lauder Cos and L’Oreal to Procter & Gamble.

However, the majority shareholders, the Courtin-Clarins family has consistently denied its willingness to sell.

For complete coverage, see Friday’s WWD.