Scent-sational Move: L'Oreal Reportedly Considers Dive into Omani Luxury with Amouage Stake - L'Oreal (OTC:LRLCY)

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Scent-sational Move: L'Oreal Reportedly Considers Dive into Omani Luxury with Amouage Stake - L'Oreal (OTC:LRLCY)

The renowned French beauty conglomerate L'Oreal SA (OTC:LRLCY) (OTC:LRLCF) is reportedly mulling over an investment opportunity in Omani luxury fragrance brand Amouage. L'Oreal is in discussions regarding a potential acquisition of a minority stake in Amouage, reported Bloomberg, citing sources familiar with the matter. Amouage, rooted in Oman's rich cultural heritage, is exploring a valuation exceeding €3 ...Full story available on Benzinga.com