L'ORÉAL: News Release: "L'Oréal USA's SalonCentric to acquire key assets from Four Star Salon Services to expand Northeast ...
02 Mai 2017 - 8:30AM
L'Oréal USA's SalonCentric to acquire key assets
from Four Star Salon Services to expand Northeast service
New York /
Clichy, 2 May 2017 - L'Oréal
USA, the largest subsidiary of L'Oréal, the world's leading
beauty company, today announced that SalonCentric has agreed to
acquire key assets from Four
Star Salon Services, a full-service wholesale
distributor headquartered in Hauppauge, New York. This
acquisition will provide SalonCentric, L'Oréal USA's professional
salon distribution operation, with expanded distribution coverage
of salon professional products within New York, New Jersey and
Connecticut.
The acquisition will align Four
Stars' field sales and stores with SalonCentric's field sales and
store network. In total, 11 stores and various field positions that
service approximately 3,500 salons will be included in the
transaction.
"This acquisition
will enable us to further expand SalonCentric and the brands we
carry into a key market," said Bertrand Fontaine, President of
SalonCentric. "We will increase our footprint in
the Northeast, while sharing the SalonCentric experience -
including quality education, extensive in-salon support and an
elevated customer experience in SalonCentric stores - with a new
community of beauty professionals."
The closing is subject to
customary conditions.
About
SalonCentric
SalonCentric, headquartered in St. Petersburg,
Fla., was created as a distributor of salon professional products
by L'Oréal USA in 2008. SalonCentric currently operates in 48
states, and includes 636 sales consultants 565 SalonCentric stores
and 261 State-RDA stores. Brands carried by SalonCentric include
L'Oréal Professionnel, Matrix, Mizani, Moroccanoil, Olaplex,
Pravana, Pulp Riot, Pureology, Redken 5th Avenue, Sam Villa, Sexy
Hair, Surface Hair, L'ANZA and many others.
About
L'Oréal
L'Oréal has devoted itself to beauty for over 100
years. With its unique international portfolio of 34 diverse and
complementary brands, the Group generated sales amounting to 25.8
billion euros in 2016 and employs 89,300 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 3,870 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. www.loreal.com
"This news
release does not constitute an offer to sell, or a solicitation of
an offer to buy 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
Internet site www.loreal-finance.com.
This news release may contain some forward-looking
statements. Although the Company considers that these statements
are based on reasonable hypotheses at the date of publication of
this release, they are by their nature subject to risks and
uncertainties which could cause actual results to differ materially
from those indicated or projected in these statements."
Contacts at L'Oréal
(switchboard: +33 1 47 56 70 00)
Individual shareholders and
market authorities
Mr Jean Régis CAROF
Tel: +33 1 47 56 83 02
jean-regis.carof@loreal.com
Financial analysts and
Institutional investors
Mrs Françoise LAUVIN
Tel: +33 1 47 56 86 82
francoise.lauvin@loreal.com
Journalists
Mrs Polina HUARD
Tel: +33 1 47 56 87 88
polina.huard@loreal.com
For more information, please
contact your bank, broker or financial institution (I.S.I.N. code:
FR0000120321), and consult your usual newspapers, the Internet site
for shareholders and investors - www.loreal-finance.com - or the
L'Oréal Finance app, alternatively, call +33 1 40 14 80 50.
www.loreal.com - Follow us on
Twitter @loreal
Read the news release of 2 May
2017
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: L'ORÉAL via Globenewswire
LOreal (EU:OR)
Graphique Historique de l'Action
De Mar 2024 à Avr 2024
LOreal (EU:OR)
Graphique Historique de l'Action
De Avr 2023 à Avr 2024