The fantastic team spirit of all lawyers involved was an invaluable support on this transaction, considering in particular the tough competition amongst bidders and the extremely challenging timeline.
Colgate-Palmolive acquired the skin care business of France’s Laboratoires Filorga Cosmétiques in 2019 for approximately EUR 1.5bn. Colgate-Palmolive was advised by its US legal advisors and CMS teams across 11 jurisdictions.
Filorga is a premium anti-ageing skin care brand that is sold in over 60 countries, with France, Italy, Spain and Greater China as the primary markets. Its distribution strategy covers pharmacy, online, speciality stores and travel retail.
Paris-based partner Alexandra Rohmert led a multi-jurisdictional team involving more than 60 lawyers and offices in Austria, Belgium, China, France, Hong Kong, Italy, Mexico, the Middle East, Poland, Portugal and Spain. The team advised Colgate-Palmolive in the areas of corporate/M&A, tax, commercial contracts, IP/IT, employment, competition and real estate.
Alexandra Rohmert commented, “The fantastic team spirit of all lawyers involved was an invaluable support on this transaction, considering in particular the tough competition amongst bidders and the extremely challenging timeline.”
CMS has a long-standing relationship with Colgate-Palmolive through Warsaw-based partner Iain Batty, along with Paris-based partner Jean Guilmoto and the wider tax team in France.