12.21.09
Thanks to the efforts of aribrators, Oscar de la Renta got its fragrance license back from L’Oréal. The move follows an 18-month dispute between the h and beauty houses.
On Friday, L’Oréal said the two sides had agreed to terminate the license between YSL and Oscar de la Renta “for the manufacture and distribution of fragrances and other beauty-related categories.”
“We reached an agreement to terminate our license agreement with L’Oréal,” concurred Alex Bolen, chief executive officer of the fashion house. “We are actively working on a partnership to take advantage of the beauty category more broadly.”
He declined to elaborate, saying only that de la Renta’s fragrance business remains viable. “It is in the stores and we intend to keep it in the stores,” he said. “We plan to expand its presence in the stores.”
On Friday, L’Oréal said the two sides had agreed to terminate the license between YSL and Oscar de la Renta “for the manufacture and distribution of fragrances and other beauty-related categories.”
“We reached an agreement to terminate our license agreement with L’Oréal,” concurred Alex Bolen, chief executive officer of the fashion house. “We are actively working on a partnership to take advantage of the beauty category more broadly.”
He declined to elaborate, saying only that de la Renta’s fragrance business remains viable. “It is in the stores and we intend to keep it in the stores,” he said. “We plan to expand its presence in the stores.”