L’Oréal to acquire Atelier Cologne.

L’Oréal, a global beauty company specializing in cosmetics, skincare, haircare, and fragrances, agreed to acquire Atelier Cologne, a niche perfume manufacturer. Financial terms were not disclosed. "Alternative perfumery is currently a high-growth segment. We are delighted to welcome the perfume House Atelier Cologne within L'Oréal Luxe. Thanks to its expertise in niche perfumery, this brand will perfectly complement the L'Oréal Luxe's brand portfolio which includes exclusive perfume collections from its biggest brands: Armani Privé, Le Vestiaire des parfums by Yves Saint Laurent, Maison Lancôme, Replica by Maison Margiela as well as the Ralph Lauren Collection," Nicolas Hieronimus, L'Oréal Selective Divisions President.