By  on October 21, 2019

PARIS — L’Oréal is delving deeper into the designer fragrance category after having signed an agreement to acquire the Mugler brands and Azzaro fragrances from Groupe Clarins.

The activities — including Mugler, Thierry Mugler (fashion), Clarins Fragrance Group (or CFG), CFG France, Cosmeurop and CFG U.K. — generated about 340 million euros of sales last year, L’Oréal and Groupe Clarins said on Monday after the close of the Paris bourse.

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