L'Oréal: News release: "L'Oréal Signs Agreement to Acquire Thayers Natural Remedies, a US-based Natural Skincare Brand"
18 Juin 2020 - 6:05PM
L'Oréal: News release: "L'Oréal Signs Agreement to Acquire Thayers
Natural Remedies, a US-based Natural Skincare Brand"
L'Oréal Signs Agreement to Acquire
Thayers Natural Remedies, a US-based Natural Skincare
Brand
Clichy, 18 June 2020 – L’Oréal
announced today the signing of an agreement to acquire
Thayers Natural Remedies, a US-based natural
skincare brand from Henry Thayer Company. The brand will be
integrated into L’Oréal’s Consumer Products Division.
Headquartered in Easton Connecticut, Thayers Natural Remedies
has a strong skincare heritage and offers a portfolio of
high-quality products including toners and astringents. Founded in
1847 by Doctor Henry Thayer, the brand is best known for its iconic
Witch Hazel Aloe Vera Formula Facial Toner, a bestselling product
popular among a diverse group of consumers. The brand has expanded
its distribution from natural grocery stores to a multichannel
strategy which includes mass and beauty retailers, drugstores and
e-commerce. Thayers Natural Remedies recorded sales of US $44
million in 2019.
Stéphane Rinderknech, President and CEO of L’Oréal USA,
Executive Vice President North America, said: “With a more
than 170 year heritage, Thayers Natural Remedies is a beloved
American brand that has stayed true to its roots as it has evolved
its product offerings and forged a strong connection with
consumers. Built on a foundation of top-rated skincare products,
the brand is more relevant today than ever before. We believe in
its growth potential and unique positioning in the mass skincare
market.”
John Gehr, Owner and CEO of Henry
Thayer Company, said: “As custodian of the Thayers Natural
Remedies brand for the last 17 years, it has been a rewarding
experience seeing the connection we’ve been able to make with our
well-informed consumers. I couldn’t imagine a better organization
than L’Oréal to take Thayers to new heights while maintaining its
core values of social and environmental responsibility.”
Alexis Perakis-Valat, President
Consumer Products Division of L’Oréal,
said: “We are thrilled to welcome Thayers Natural Remedies, a true
“love brand” at the intersection of two major skincare trends:
nature and health. This acquisition is part of our strategy to
develop our skincare business all around the world and complements
perfectly our North American skincare brand portfolio”.
The closing is subject to the standard regulatory approvals and
other customary conditions.
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
RegulatorsJean 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
Media Polina 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: 0800 66 66 66.
www.loreal-finance.com - Follow us
on Twitter @Loreal
- LOREAL_Thayers_2020_06_18_EN
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