Yves Rocher buys Turkish cosmetics firm
AFP · 16 Aug 2012, 09:55
Published: 16 Aug 2012 09:55 GMT+02:00
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The deal worth 122 million euros should be concluded soon, according to the Milliyet daily, which said it was unclear whether Flormar's founding Senbay family would still remain in control of day-to-day operations.
With sales of more than $100 million per year, Flormar exports its products to more than 60 countries on four continents, according to the company.
The company founded in 1972 has more than 98 of its own brand shops in Turkey and more than 200 abroad.