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Oriflame To Sell U.K. Sales Division

Posted: January 3, 2006
Oriflame Cosmetics announced it has signed an agreement to sell Oriflame UK Ltd., the company in which the Oriflame conducts all its U.K. and Ireland sales operations, to Premier Direct Group plc, which will continue Oriflame sales operations. Under the terms of the contract, Oriflame shall be liable for all costs associated with the transfer and assume the outstanding pension liabilities.