L'Oréal: News Release: "L’Oréal enters in exclusive negotiation for the sale of its Roger & Gallet brand"
February 04 2020 - 12:11PM
L'Oréal: News Release: "L’Oréal enters in exclusive negotiation for
the sale of its Roger & Gallet brand"
L’Oréal enters in exclusive
negotiation for the sale of its Roger &
Gallet brand
Clichy, 4 February 2020 –
Following a strategic review regarding the best development options
for the Roger & Gallet brand, L’Oréal announces that it has
entered in exclusive negotiation with the French investment holding
Impala for the sale of Roger & Gallet brand.
Founded in 1862 in Paris, Roger & Gallet has
its origins in pharmacy fragrances, inspired by French « art
de vivre ». Part of L’Oréal since the acquisition of Yves
Saint Laurent Beauté in 2008, Roger & Gallet offers a rich
catalogue of fragrance-based products including perfumes,
toiletries and skincare. In 2018, the brand generated 52 million
euros of sales.
This project will be submitted for consultation
to employee representatives of L’Oréal and could be completed this
summer.
About
L’OréalL’Oréal has devoted itself to beauty for over 100
years. With its unique international portfolio of 36 diverse and
complementary brands, the Group generated sales amounting to 26.9
billion euros in 2018 and employs 86,000 people worldwide. As the
world’s leading beauty company, L’Oréal is present across all
distribution networks: mass market, department stores, pharmacies
and drugstores, hair salons, travel retail, branded retail and
e-commerce.Research and innovation, and a dedicated research team
of 4,000 people, are at the core of L’Oréal’s strategy, working to
meet beauty aspirations all over the world. L’Oréal’s
sustainability commitment for 2020 “Sharing Beauty With All” sets
out ambitious sustainable development objectives across the Group’s
value chain.More information: https://mediaroom.loreal.com/
About ImpalaImpala is the
investment holding of the French entrepreneur Jacques Veyrat. With
more than 2 billion euros net assets, Impala is mainly active in
the energy sector as majority shareholder of Neoen (first French
independent producer of renewable energies), in the industrial
sector though Arjo Solutions and Inexto (provider of solutions
against counterfeiting), and in the cosmetic sector notably with
its participation in Augustinus Bader (innovative cosmetic brand
based on cellular regeneration). Impala invests its own capital,
without time constraints, in projects with the potential to deliver
profitable growth over the long term.
"This press release does not constitute an offer
of sale or solicitation of an offer to purchase L'Oréal shares. If
you wish to obtain more comprehensive information about L'Oréal,
please refer to the public documents registered in France with the
Autorité des Marchés Financiers, also available in English on our
website www.loreal-finance.com.This press release may contain
forecast information. While the Company believes that these
statements are based on reasonable assumptions as of the date of
publication of this press release, they are by nature subject to
risks and uncertainties which may lead to a discrepancy between the
actual figures and those indicated or suggested in these
statements.”
L'ORÉAL contacts (switchboard: +33
(0)1 47 56 70 00)
Individual Shareholders and Market
RegulatorsJean Régis CAROF - Tel.: +33 (0)1 47 56 83 02 -
jean-regis.carof@loreal.com
Financial Analysts and Institutional
InvestorsFrançoise LAUVIN - Tel.: +33 (0)1 47 56 86 82 -
francoise.lauvin@loreal.com
JournalistsPolina HUARD - Tel.:
+33 (0)1 47 56 87 88 - polina.huard@loreal.com
For further information, please contact banks,
investment companies or financial establishments (I.S.I.N.
Code : FR0000120321), as well as your usual newspapers or the
dedicated website for shareholders and investors,
www.loreal-finance.com, the L’Oréal Finance mobile application, or
contact the hotline: 0 800 66 66 66 (free call)
www.loreal-finance.com - Follow us on
Twitter @Loreal
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