L'Oréal: News release: "L’Oréal finalizes the acquisition of the Mugler brands and Azzaro fragrances"
March 31 2020 - 12:00PM
L'Oréal: News release: "L’Oréal finalizes the acquisition of the
Mugler brands and Azzaro fragrances"
L’Oréal finalizes the acquisition
of the Mugler brands and Azzaro
fragrances
Clichy, 31 March 2020 - After
obtaining the necessary authorizations from the relevant
authorities, L’Oréal has finalized the acquisition of the Mugler
brands and Azzaro fragrances from Clarins Group, in accordance with
the terms announced on 21 October 2019.
Cyril Chapuy, President L’Oréal
Luxe, said : “We look forward to welcoming the Mugler
and Azzaro teams to the L’Oréal family, and to accompagnying them,
especially in this difficult time.”
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 29.87 billion euros in 2019 and
employs 88,000 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 4,100 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
“This press release is not a sales offer or a
request for a bid to purchase L’Oréal shares. If you would like
more detailed information about L’Oréal, please see the public
documents that have been submitted in France to the Financial
Markets Authority, which are also available in English on our
website www.loreal-finance.com.This press release may contain
certain provisional statements. Although the Company believes that
these statements are based on reasonable assumptions on the date
this press release was published, they are, by nature, subject to
certain risks and uncertainties that may result in a discrepancy
between the actual figures and those indicated or implied in these
statements.”
L'ORÉAL CONTACTS
Individual Shareholders and Market
AuthoritiesJean Régis CAROFTel: +33 (0)1 47 56 83
02jean-regis.carof@loreal.com
Financial Analysts and Institutional
InvestorsFrançoise LAUVINTel: +33 (0)1 47 56 86
82francoise.lauvin@loreal.com
MediaPolina HUARDTel: +33 (0)1 47
56 87 88polina.huard@loreal.com
Switchboard: +33 (0)1 47 56 70 00
For more information, please consult banks,
brokerage firms or financial institutions (I.S.I.N. code:
FR0000120321), your usual journals, the shareholders and investors
website www.loreal-finance.com or the L’Oréal Finance mobile
application, or call the freephone number: 0 800 66 66 66.
www.loreal-finance.com - Follow us on
Twitter @Loreal
- LOREAL_Acquisition_Mugler_Azzaro_EN_2020_03_31
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