l'oreal-unsponsored adr (LRLCY) Key Developments
L'Oreal to Spend CNY 200 million in Expanding Yichang Cosmetics Base
Jul 8 15
L'Oreal has officially signed a contract to expand its factory in Yichang one of more than 70 cooperation agreements and contracts worth nearly USD 70 billion signed during China Premier Li Keqiang's visit to Europe. The group will invest nearly CNY 200 million more in the base to expand the area to 70,000 square meters and lift the annual production capacity to 210 million pieces a year. About 45% products will be sold to China and 55% to other countries in the Asia-Pacific region. The plant specializes in producing cosmetics products under L'Oreal Paris, Maybelline, Yue-Sai and other brands. The plant also plans to build L'Oreal's zero-carbon factory in Asia Pacific by the end of 2015.
L'Oreal Appoints Lubomira Rochet as Chief Digital Officer and Member of the Group's Executive Committee
Jun 12 15
L'Oreal has appointed Lubomira Rochet as chief digital officer as well as member of the group's executive committee. Rochet has previously worked with Capgemini as director of strategy and development for the Sogeti entity. In 2008, she joined Microsoft to manage its relationships with start-ups and the innovation ecosystem. Prior to joining the company, she was managing director of Valtech France. Rochet will directly report to company's chairman and CEO Jean-Paul Agon.
LOreal Announces Executive Changes
Jun 10 15
Isabel MAREY-SEMPER is appointed Executive Vice-President Communication, Sustainablility and Public Affairs, as well as General Manager of the LOreal Foundation, and member of LOreals Executive Committee. She succeeds Sara RAVELLA who, after five successful years spent with LOreal, has decided to leave the Group to pursue a personal project. Isabel MAREY-SEMPER, aged 47, joined LOreal in January 2010 as Director of Shared Services for the Research & Innovation Department. In this capacity, Isabel Marey-Semper was in charge of the transformation of the Department in pursuit of LOreals strategy to conquer one billion new consumers. She was subsequently appointed Senior Vice President of Advanced Research of LOreal. Isabel Marey-Semper and her team lead the internationalization of Advanced Research with the opening of research centers in India, Singapore and California, and accelerated the use of modeling in the creation of molecules and their evaluation. In coordination with the other R&I teams, she reinforced the importance of placing consumer needs at the heart of the Research strategy.
L'Oreal and Proenza Schouler Pave the Way to the Future in Luxury Fine Fragrances with the Signature of License Agreement
Jun 3 15
L'Oreal announced the signature of a License Agreement with Proenza Schouler for the creation and development of fine fragrances.
L'Oreal SA Appoints Sophie Bellon as New Director; Approves Dividend for the Year 2014, Payable on May 7, 2015
Apr 22 15
L'Oreal SA announced that at its AGM held on April 22, 2015, the company appointed a new director, Mrs. Sophie Bellon, for a period of 4 years.
The company also decided on the payment of a dividend of EUR 2.70 per share. This dividend is increased to EUR 2.97 for shares held in registered form continuously for at least 2 years. Dividend payment date is May 7th, 2015.