How La Prairie got corralled. (Georgette Mosbacher's purchase of La Prairie from Faberge)

WWD | January 8, 1988| | Copyright

HOW LA PRAIRIE GOT CORRALLED

Georgette Mosbacher, the new owner of La Prairie, said she has been trying to buy the skin care line for more than a year to satisfy her "passion" for the cosmetics business.

Earlier this month, she announced that she finally signed a definitive agreement to buy the brand from Sanofi, as reported (page 14, Jan. 5.) Sources said the purchase price was approximately $30 million. La Prairie has a $20 million worldwide wholesale volume.

"My passion for this business was sparked by my exposure at Faberge," said Mosbacher, who had been vice ...

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