ITP Interparfums

By Nadya Masidlover

PARIS--French cosmetics company Interparfums SA (ITP.FR) said Tuesday that larger peer L'Oreal SA (OR.FR) has signed a letter of intention to buy its men's skin care brand Nickel.

The deal is set to be closed by the end of the year "subject to the execution of the purchase and sale agreement," Interparfums said in its half-year earnings release, without disclosing the financial details for the deal.

L'Oreal confirmed the signing, but declined to give further details.

Write to Nadya Masidlover at nadya.masidlover@dowjones.com

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