Eight Advisory carried out the vendor due diligence (VDD) and operational support for the carve out, in the context of the L’Oréal group’s acquisition of the Mugler and Azzaro brands from Clarins

26 May 2020

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Eight Advisory carried out the vendor due diligence (VDD) and operational support for the carve out, in the context of the L’Oréal group’s acquisition of the Mugler and Azzaro brands from Clarins.

Clarins appointed Eight Advisory to carry out the vendor due diligence (VDD) and operational support for the carve out in the context of the sale of the Mugler and Azzaro brands to the L’Oréal group.

L’Oréal is taking over Clarins’ fragrance division, which at the date of completion consisted of Mugler, Thierry Mugler (Fashion), Clarins Fragrance Group (CFG), CFG France, Cosmeurop and CFG UK. These activities represented sales of approximately 340 million euros in 2018.

Eric Demuyt, Florent Garnier and their teams worked on the vendor due diligence (VDD).

At the same time, Nicolas Cohen Solal, Romain Caillet and their teams worked on operational support for the carve-out.

 

About Eight Advisory:

Eight Advisory provides guidance to managers, investors and banks in their corporate Transactions, Reorganizations and Transformations both in France and internationally. The firm’s 440 employees, including 54 Partners, propose a financial and operational specialization dedicated to assisting managerial decision-making.

Eight Advisory is a European group, with a presence in France, the United Kingdom, Belgium, the Netherlands and Germany, capable of tapping, by virtue of its status as an Eight International Founding Member, into a network composed of several independent partners set up in 20 countries across Europe, the Americas, Asia and Oceania.