Yves Saint Laurent to be restructured in bid for revival

Article Abstract:

Gucci Group NV has introduced a restructuring program for Yves Saint Laurent. The move is an attempt to revive the Yves Saint Laurent brand.

Netherlands, Organizational history, Yves Saint Laurent

Sanofi's beauty division comes up for auction

Article Abstract:

French pharmaceuticals giant Sanofi S.A., plans to auction off its perfumes and cosmetics businesses, following leather goods maker LVMH-Moet Hennessy Louis Vuitton S.A's, withdrawal of acquisition offer.

Comment:

France's pharmaceuticals giant Sanofi S.A., plans to sell its perfumes and cosmetics division.

Strategy & planning, Pharmaceutical Preparation Manufacturing, Pharmaceutical preparations, Perfumes & Colognes, Planning, Pharmaceutical industry, Drugs, Sanofi S.A., LVMH Moet Hennessy Louis Vuitton S.A., Leather goods, Perfumes industry, Fragrances (Toiletries)

Gucci Group hits snag in acquisition of Sanofi

Article Abstract:

Gucci Group NV acquisition if Sanofi Beaute, which controls Yves Saint Laurent, is being held up by snags including a personality conflict with Yves Saint Laurent's co-founder and chief executive, Pierre Berge. Neither Gucci or YSL would comment on the obstacles delaying the sale. Another issue said to be holding up the sale is conditions under which YSL would regain control of some licensees, including its largest onem which is responsible for women's ready-to-wear fashion.

Acquisitions & mergers, Apparel & Related Products, Apparel Manufacturing, Clothing industry, Sanofi Beaute