SANOFI BEAUTE SALES UP IN ’95
NEW YORK — French pharmaceuticals giant Sanofi SA reported sales in its Sanofi Beaute division were up slightly in 1995 to $775.3 million (3.9 billion francs), given constant exchange rates and a comparable structure.
Fragrance and cosmetics sales were actually $865 million (4.496 billion francs) in 1994, but those figures included Perry Ellis, Stendhal and Geoffrey Beene, which have since been divested.
Strong performances last year by Yves Saint Laurent’s Opium and Opium Pour Homme, plus the global expansion of Nina Ricci’s Deci Dele and the development of a Ricci skin care line, slightly offset the drop in sales of other product lines.
Sanofi SA’s net earnings in 1995 inched ahead 4.7 percent to $318.1 million (1.6 billion francs) from 1.5 billion francs a year ago.
Total sales fell 11.8 percent to $4.6 billion (23.03 billion francs) from 26.1 billion francs, though the firm said sales for the year would be up about 4.5 percent when adjusted for exchange rates and comparable structure. — Fairchild News Service