Clarins Aims to Build Share in U.S. and Japan
November 15th, 2008 at 2:13am |
The affable Christian Courtin-Clarins, who helped take his family-founded Groupe Clarins private in July, is steering the company onto a more focused course, aimed at building core brands and gaining market share in the U.S. and Japan.
In addition, the company, which acquired 800 million euros, or $998.5 million at current exchange, in financing to delist the company from the Paris Bourse, has begun belt-tightening by reducing executive travel and paring promotions.
During a recent interview in New York following a press preview of Clarins’ new product lineup for spring, Courtin-Clarins said the global financial collapse will not deter him from…
Posted in Jewelry News
