L'Oréal S.A. (ENXTPA:OR) is considering a potential investment in Omani luxury fragrance company Amouage SAOC, according to people familiar with the matter. The French beauty group has been holding talks on the possible purchase of a minority stake in Amouage, the people said, asking not to be identified because the information is private. Amouage?s owner, the SABCO Group conglomerate, has discussed a valuation of more than ?3 billion ($3.2 billion) for the business in any deal, according to the people.