L'ORÉAL: News Release: "L'Oréal and Armani renew their partnership in beauty"
22 Mars 2018 - 08:30AM
L'Oréal and Armani renew their partnership in
beauty
Clichy, Milan - Thursday 22 March
2018
L'Oréal and Armani announce today
the signature of an agreement to renew their license until
2050.
Founded in Milan in 1975 by Mr.
Giorgio Armani, the iconic Italian fashion house is recognized for
its great elegance and the perfection of its style. It attracts
demanding and refined luxury customers from all over the world.
Since 1988 L'Oréal, the worldwide
beauty leader, develops through its Luxury Division high-end lines
of perfumes, skin care and make-up, benefiting from the inspiration
and vision of Mr. Armani. These lines are showing one of the
strongest growth in the beauty category generating revenues of over
one billion Euros in 2017.
"The renewal of
our agreement with Armani demonstrates our confidence in the
success of this partnership which has proven its strength and
coherence during all these years", says Jean-Paul Agon, Chairman and CEO of L'Oréal. "There is a real synergy between the savoir-faire of
L'Oréal and the exceptional creative inspiration of Giorgio Armani,
which contribute to make Armani one of the most beautiful and
dynamic beauty brands in the world".
"The
collaboration with L'Oréal is one of the first licenses in our
portfolio. We are very pleased to renew our agreement thus
consolidating a very successful partnership. L'Oréal's mission and
high professionalism have always been aligned with the dynamic and
creative spirit that is the core of my philosophy, and over the
years our mutual trust has constantly generated excellent
results" said Giorgio Armani, President of
the Armani Group.
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 26.02
billion euros in 2017 and employs 82,600 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 3,885 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.
For more information:
http://mediaroom.loreal.com/en/
About Armani
The Armani Group is one of the leading fashion and
luxury goods companies in the world. The Group designs,
manufactures, distributes and directly retails fashion and
lifestyle products that, following the recent redefinition of the
brand portfolio, currently focus on Giorgio Armani, Emporio Armani
and A|X Armani Exchange.
"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 Stephanie CARSON-PARKER
Tel: +33 1 47 56 76 71
stephanie.carsonparker@loreal.com
Contacts Armani Press
Office
Anoushka Borghesi
Tel: + 39
02 72318 893
anoushka.borghesi@giorgioarmani.it
For further information, please
contact your bank, stockbroker or financial institution (I.S.I.N.
code: FR0000120321), and consult your usual newspapers or magazines
or the Internet site for shareholders and investors,
www.loreal-finance.com,the L'Oréal Finance app or call the
toll-free number from France: 0.800.66.66.66.
www.loreal-finance.com -
Follow us on Twitter @loreal
Read the news release of 22 March
2018 in a PDF file
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 Fév 2024 à Mar 2024
LOreal (EU:OR)
Graphique Historique de l'Action
De Mar 2023 à Mar 2024