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Groupe Clarins Reports Healthy 2005

Groupe Clarins reports healthy 2005
French beauty manufacturer Groupe Clarins' full year 2005 net profit managed to grow 11.2% (11.4% like-for-like) to �96.7m despite promotional investments for its par Amour and par Amour toujours (Clarins), Alien (Thierry Mugler), Silver Black (Azzaro) and Miss Me (Stella Cadente) fragrances.
The company reported an on-year sales increased of 7.1% with full year 2005 sales of �998.2m, just falling under the coveted �1bn mark.
Groupe Clarins says that it is once again ready to pursue potential acquisitions as it has now paid down its debt. A spokesperson for the company tells that such acquisitions will most likely be in the beauty domain rather than in fragrance because the group is now working on consolidating its existing fragrance brands.