Clarins Ventures Into Organics
October 28, 2008 | Contact Author | By: Katie Schaefer
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Clarins has made an agreement with organic cosmetics producer Kibio to jointly develop a line of natural organic cosmetics. Clarins will acquire a 10% stake in Kibio SAS and subscribes to the full amount of a convertible bond issue.The investment totals EUR 3 million. The relationship with Kibio's bonds may possibly allow Clarins to increase its shareholding in Kibio to 60%.