COMPANY NEWS; INVESTMENT GROUP TO BUY GILLETTE’S JAFRA UNIT

by louabbott on January 29, 1998

January 29, 1998

Clayton, Dubilier & Rice Inc., a leveraged buyout firm, said yesterday that it had agreed to buy the Gillette Company’s Jafra Cosmetics International. The price was not disclosed but was said to be about $200 million. Jafra, based in Westlake, Calif., sells cosmetics in 20 countries and had about $200 million in revenue in 1997. Gillette, which also makes razor blades, batteries, toothbrushes and deodorant, said the unit did not fit its ”long-term corporate strategy.”

Read the entire article at the New York Times

Also, read our company overview:  Jafra Cosmetics Facts, News and Review

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