Clarins discontinues Mugler fashion
This article was originally published in The Rose Sheet
Executive Summary
Thierry Mugler will remain the property of Clarins, and the beauty marketer will continue to manufacture Mugler fragrances, but the couture division will be discontinued at the end of September, French firm announces. Fashion business had shown "substantial recurring" losses, and Clarins announced plans to consider terminating the business in December (1"The Rose Sheet" Jan. 6, 2003, In Brief). Clarins signed agreement with Balmain Group to take over production factory and four boutiques to manufacture and distribute products under its own brand, thus saving 56 of 74 jobs at the Angers production factory and almost all of the staff at the four boutiques...