France's L'Oreal to sell Roger & Gallet brand to Impala

French cosmetics group L'Oreal said it had entered exclusive talks with the French investment holding Impala for the sale of its Roger & Gallet perfume and soap brand.

Financial terms were not disclosed.

Founded in 1862 in Paris and part of L’Oreal since the acquisition of Yves Saint Laurent Beauté in 2008, Roger & Gallet's fragrance-based products range from perfumes to toiletries to skincare.

In 2018, the brand generated 52 million euros (43.7 million pounds)of sales.