FRANCE. Shares in Clarins Group were suspended earlier today on the Paris Bourse, at the company’s request, pending an official statement. No further comment, or details on the timing of said statement, were issued.
Clarins shares stopped trading at €43.72, giving it a market capitalisation of approximately €1.8 billion.
The family-controlled company has long been the subject of intermittent but ongoing take-over speculation, particularly since the death in 2007 of its founder Jacques Courtin-Clarins.
The Estée Lauder Companies, PPR, LVMH, Procter & Gamble, and L’Oréal, among others, have all been cited as possible interested parties. To date the Courtin-Clarins family has repeatedly refuted suggestions that the group is up for sale.
Last week Clarins Group hit the headlines for other reasons, with the announcement of a major restructuring into two key divisions, and four geographical areas, in response to both “market issues and the demands of [its] development”.
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