Share price drops as Clarins vows to keep control

Published: 26-Nov-2007

Clarins' share price fell 7.4% following a statement by the company's president Christian Courtin-Clarins confirming that he family had declined a number of offers of purchase. "We will remain in charge," he added. The group is seeking long-term investors but these would have to be content with minority holdings.

Clarins' share price fell 7.4% following a statement by the company's president Christian Courtin-Clarins confirming that he family had declined a number of offers of purchase. "We will remain in charge," he added. The group is seeking long-term investors but these would have to be content with minority holdings.

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