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Clarins first half

This article was originally published in The Rose Sheet

Executive Summary

Organic sales of French company's cosmetics unit grew 6.7% on a like-for-like basis, contributing to overall net sales of $472.4 mil. (€1=$1.13) in the first half, Clarins reports Sept. 11. Due to restructuring charges related to the discontinuation of the Thierry Mugler Couture line, Clarins recorded consolidated net loss of $8 mil. Excluding Mugler couture, the firm would have reported a net profit of $30.8 mil. Clarins stated it expects to record a profit for the full year, boosted by cosmetics sales, which are anticipated to grow 5%...



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