Serge Lutens acquired by Shiseido for undisclosed amount
Shiseido, the listed Japanese fragrances and cosmetics group, has finalised the acquisition of family-owned luxury perfumer Serge Lutens, French daily Les Echos reported. Terms of the deal were not disclosed. The report cited Hassan Saada, chairman of the target, as confirming the news.
Serge Lutens reported sales of EUR 40m in 2015.
Les Echos