By  on November 29, 2007

PARIS — The Courtin-Clarins family repeated Wednesday its unwillingness to cede control of Groupe Clarins and it has been approached by various cosmetics companies.

"Following persistent rumors concerning Clarins' stock, we should like to reiterate that the Courtin-Clarins family, the group's majority shareholder, is not considering handing over control of the company," Christian Courtin-Clarins, the firm's president and chief executive officer, said in a statement. (The Courtin-Clarins clan boasts 65.1 percent of the beauty company's capital and 78.6 percent of its voting rights.)

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus