IFF Looks To Sell Lucas Meyer Cosmetics, ‘Reviewing All Options’ To Pay Down Debt

“On the strategic side, there is a very broad appetite, relative to partnerships and various assets in the portfolio,” says CEO Frank Clyburn. Reported Q2 net sales were off 11% to $2.93bn.

Divestment

International Flavors & Fragrances, Inc. is looking for a buyer for its Lucas Meyer Cosmetics business and is considering additional divestitures as it looks to reduce debt while continuing to invest in core businesses.

Lucas Meyer Cosmetics (LMC) “is a fantastic business and I have no doubt that it will continue to prosper under...

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