L'Oréal: News Release: "L’Oréal announces the signing of an agreement for the acquisition of Takami Co, a japanese compan...
23 Décembre 2020 - 8:00AM
L'Oréal: News Release: "L’Oréal announces the signing of an
agreement for the acquisition of Takami Co, a japanese company that
markets the Takami skincare brand"
L’ORÉAL ANNOUNCES THE SIGNING OF AN
AGREEMENT FOR THE ACQUISITION OF TAKAMI CO, A JAPANESE COMPANY THAT
MARKETS THE TAKAMI SKINCARE BRAND
Clichy, 23 December 2020 – L’Oréal
announces the signing of an agreement to acquire the Japanese
company Takami Co. This company develops and markets products
licensed by the skincare brand Takami, owned by Doctor Hiroshi
Takami, founder of two eponymous dermatological clinics in Tokyo.
On this occasion, L’Oréal also renewed a very long term brand
licensing agreement with Doctor Takami and signed a collaboration
contract with the Takami clinics. This acquisition
should be completed in the next few weeks.
The Takami brand, founded in 1999, is a premium
skincare brand, expert in peeling, based on the know-how of the
famous eponymous dermatological and aesthetic clinics established
in the Omotesando district of Tokyo. The brand is particularly
famous for its iconic product, the Skin Peel pre-serum, also called
the "Little Blue Bottle" by Asian women. Mainly available in Japan
and in some Asian countries, notably in China where it enjoys
strong appeal, the brand is marketed through an omnichannel
distribution: mostly in e-commerce, in particular by subscription,
as well as in selective distribution. The brand achieved sales
revenue of about €50M in 2019 and continues its growth this year
despite difficult market conditions due to Covid-19 impacts.
Cyril Chapuy, President of L’Oréal
Luxe, comments on this acquisition: “We are very pleased
to welcome the Takami brand into our portfolio. Its reputation in
Asia matches the remarkable quality of its products. Its expertise
in prestigious beauty treatments and its omnichannel distribution
make it a very complementary brand within L’Oréal Luxe."
Jérôme Bruhat, President of L'Oréal
Japan, says: “The Takami brand teams led by Mr. Okamura
have been able to build a strong reputation in skincare expertise,
a unique visual identity and a core group of loyal customers in
Japan. These are the pillars of the brand’s success that we will
grow further in the future.”
Yuji Okamura, President and Owner of
Takami Co, declares: “Born from the expertise of the
aesthetic and dermatological Takami clinics, our products provide
the quality and the efficacy expected by the most demanding
Japanese consumers. After 21 years of growth in Japan, we are
thrilled to join the L’Oréal Group, the world’s leading beauty
company, which will allow us to develop our brand thanks to its
scientific and international expertise.”
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 sets out ambitious sustainable
development goals across the Group for 2030 and aims to empower its
ecosystem for a more inclusive and sustainable society.More
information: https://mediaroom.loreal.com/
"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
Individual Shareholders and Market Regulators
Christian MUNICH +33 (0)1 47 56 72 06
christian.munich2@loreal.com
Financial Analysts and Institutional Investors
Françoise LAUVIN +33 (0)1 47 56 86 82
francoise.lauvin@loreal.com
Media Domitille FAFIN +33 (0)1 47 56 76 71
domitille.fafin@loreal.com
Switchboard: +33 (0)1 47 56 70 00
For further information, please contact your
bank, stockbroker of financial institution (I.S.I.N. code:
FR000012031) 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.
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- PR_L'Oréal announces the signing of an agreement for the
acquisition of Takami Co
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