Beauty supplier Superga Beauty (Superga Invest) has acquired the Cosmeurop factory from L’Oréal for an undisclosed sum as it looks to develop in fragrance.
L’Oréal had purchased Cosmeurop, located in Strasbourg, France, from Clarins last year as part of its acquisition of the Mugler and Azzaro brands. L’Oréal will progressively disengage from the site over three years.
Superga Beauty, which is aiming to double its turnover within three years, opened a subsidiary in India last month.
