PARIS — Groupe Clarins’ stock spiked 21.3 percent Wednesday on the Paris Bourse, to $48.44, on the back of news that the beauty firm has proposed to shut its money-losing Thierry Mugler fashion business. (Dollars figures are converted from the euro at current exchange rates.)

Financial analysts applauded the move. "It means that the company is taking steps in a noncore area of its business," said one analyst.

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