LRLCY - Scent-sational Move: L'Oreal Reportedly Considers Dive into Omani Luxury with Amouage Stake | Benzinga
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 ...