L'Oreal, a French personal care company, completed the acquisition of Mugler and Azzaro, fragrance & fashion divisions from Clarins Groupe. Financial terms were not disclosed. “The perfume category is at the heart of our global strategy for growth at L’Oréal Luxe. In this context, we would be thrilled to welcome Mugler and Azzaro: these signatures, with a long history in fashion and olfaction, would perfectly complete our portfolio of brands,” Cyril Chapuy, L’Oréal President.