Amore Pacific acquires Annick Goutal

Amorepacific’s overseas holding company,AGO (Amore Pacific Global Operations)has entered into a deal to buy 100% stake in the luxury French perfume brand Annick Goutal to strengthen perfume brand portfolio and the image of Amorepacific’s existing brands through acquisitionof the luxury brand as well as to expand the perfume business in Asia, especially in Japan and China, with the

Annick Goutal products that suit the Asian customers’ taste. The idea also is to utilize idle capacity at the perfume factory in France.