L'Oreal: L'Oréal: News Release: "Draft agreement between L'Oréal and Shiseido
for the acquisition of Decléor and Carita"
Draft agreement between L'Oréal and Shiseido for the acquisition of Decléor
Clichy 17 October 2013 - L'Oréal has extended an offer to the Japanese group
Shiseido for the acquisition of Decléor and Carita.
Based on this offer, Shiseido has granted L'Oréal exclusive negotiation
Decléor / Carita achieved a turnover of approximately 100 million euros in
2012 which ranks the group as number two on the worldwide professional skin
care market in beauty institutes, spas and hair salons (*). Professional skin
care treatments and those given by hairdressers both share the importance of
professional services and advice provided by technically-trained experts.
The brands are inspirational and complementary. Founded in 1974, Decléor is
the world's leading brand in aromatherapy. Created in 1945 by Maria & Rosy
Carita, known as hairdressers for stars, Carita incarnates the art of
prestigious French pampering. Under Shiseidos' leadership, the brands
strengthened their equity, developed their global footprint and grew to the
number 2 position in the global Professional Spa and Beauty Institute market.
An Verhulst-Santos, President Professional Products Division L'Oréal, said,
"This project is a wonderful opportunity for our Division to become a major
player in this strategic professional beauty market, complementary to hair
salons. Decléor and Carita are two beautiful, prominent beauty institute
brands, particularly well-established in Western Europe. Their growth
perspectives, especially internationally, are very promising."
An agreement could be signed in the coming weeks following consultation of
L'Oréal and Shiseido employee representatives. The acquisition will be
submitted to the approval of the relevant regulatory authorities.
(*) source: Kline 2012
L'Oréal, the world's leading beauty company, has catered to all forms of
beauty in the world for over 100 years and has built an unrivalled portfolio
of 28 international, diverse and complementary brands. With sales amounting to
22.5 billion euros in 2012, L'Oréal employs 72,600 people worldwide. In 2013,
the Ethisphere Institute, a leading international think-tank for business
ethics, corporate social responsibility and sustainability, recognized L'Oréal
as one of the World's Most Ethical Companies. This is the fourth time that
L'Oréal has received this distinction. 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: +33147567000)
Individual shareholders and market authorities
Mr Jean Régis CAROF
Tel: +33 1 47 56 83 02
Financial analysts and Institutional investors
Mrs Françoise LAUVIN
Tel: +33 1 47 56 86 82
Mrs Stephanie CARSON-PARKER
Tel: +33 1 47 56 76 71
For more information, please contact your bank, broker or financial
institution (I.S.I.N. code: FR0000120321), and consult your usual newspapers,
and the Internet site for shareholders and investors,
http://www.loreal-finance.com, alternatively, call +33 1 40 14 80 50.
Read the News Release of October 17th, 2013
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information contained therein.
Source: L'Oreal via Thomson Reuters ONE
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