Henkel has sold its Italian-based Fine Fragrance business to the Italian investment group Investindustrial. The Fine Fragrance business which is operating under the name of Morris Profumi is a non-core activity within the portfolio of Henkel’s Cosmetics/Toiletries business sector. It is focused on the manufacture and marketing of fragrances and perfumes under license of brands such as Sergio Tacchini, Ferrari, La Perla and Krizia.