L'Oreal Mulls Investment in Luxury-Fragrance Brand Amouage, Bloomberg Reports
--L'Oreal is considering a potential purchase of a minority stake in Omani luxury-fragrance company Amouage, Bloomberg reports, citing unnamed sources.
--Amouage's current owner, conglomerate Sabco Group, is seeking a valuation of more than 3 billion euros ($3.25 billion) in any deal, according to Bloomberg.
--L'Oreal, Amouage and Sabco Group didn't immediately respond to requests for comment when contacted by Dow Jones Newswires.
Full story: https://shorturl.at/tMQU3
Write to Adria Calatayud at adria.calatayud@wsj.com
(END) Dow Jones Newswires
April 04, 2024 02:54 ET (06:54 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
After Earnings, Is Nike Stock a Buy, a Sell, or Fairly Valued?
-
Worst-Performing Stock ETFs of the Quarter
-
Top-Performing Stock ETFs of the Quarter
-
Q2 In Review and Q3 2024 Market Outlook
-
5 Stocks to Buy for 3Q 2024
-
Best- and Worst-Performing Stocks of Q2 2024
-
13 Charts On the Market’s Q2 Turnaround
-
10 Top-Performing Dividend Stocks of Q2 2024
-
33 Undervalued Stocks
-
Utilities: Can the Stocks Keep the Rally Going?
-
Basic Materials: Following Index Decline, We See Many Long-Term Opportunities
-
Healthcare: Valuations Look Attractive In Most Industries
-
Financial Services: Amid Uncertainties, We See the Most Value In Banks and Credit Services
-
Consumer Cyclicals: Even With Anxiety Over Spending, We See Attractive Valuations
-
Real Estate: Interest Rate Movements Drive Performance
-
Technology: Strength Continues, With Software Presenting the Best Buying Opportunities