Oscar de la Renta Gets Fragrance License Back from L'Oreal
WWD reports that Oscar de la Renta once again owns the license to its signature fragrances.
A long, messy lawsuit was just settled
between Oscar de la Renta Ltd. and L'Oreal, which owns Elizabeth Arden and YSL Beaute. YSL Beaute owned the fragrance license for Oscar de la Renta perfumes.
The dispute started when Elizabeth Arden sold sample sizes of Oscar perfume to Wal-Mart. Furious at practice, Oscar sued. Elizabeth Arden said that YSL Beaute owned the license and it had been getting the samples from the company to sell for years. After lots of attorneys' fees and a lengthy arbitration everything was sorted out.
Oscar de la Renta gets its $30 million a year business back, everyone must pay their own attorneys fees and you won't be seeing Oscar samples in Wal-Mart any more.
