By and  on December 21, 2009

Oscar de la Renta received an early Christmas present from L’Oréal: Its fragrance license back.

As of Friday, the license reverted to Oscar de la Renta as a result of arbitration stemming from an 18-month legal dispute. It involved the actual license holder YSL Beauté, which was acquired by L’Oréal in 2008, and Elizabeth Arden, which had acted as distributor.

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