M&A Activity • Jun 27, 2017
M&A Activity
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Clichy, 27 June 2017 ˗ L'Oréal announces that the contract for the sale of The Body Shop to Natura was signed after receiving the advice of L'Oréal's Works Council1 regarding this project announced on 9 June. The proposed sale is subject to clearance by anti-trust authorities notably in Brazil and in the United States, and expected to close during 2017.
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 25.8 billion euros in 2016 and employs 89,300 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 ecommerce.
Research and Innovation, and a dedicated research team of 3,870 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. www.loreal.com
"This news release does not constitute an offer t o sell, or a solicitation of an offer to buy L'Oréal shares. If you wish to obt ain more comprehensive information about L'Oréal, please refer to the public documents registered in France with the Aut orité 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 cons iders that these statements are bas ed on reas onable hypotheses at the dat e of publication of t his release, they are by their nature subject to risks and uncertainties which could cause actual results to differ mat erially from those indic ated or projected i n these statements."
Financial analysts and institutional investors Journalists
Jean Régis CAROF Françoise LAUVIN Polina HUARD
Tel: + 33 (0)1 47 56 83 02 Tel: +33 (0)1 47 56 86 82 Tel: + 33 (0)1 47 56 87 88 [email protected] [email protected] [email protected]
For further information, please contact your bank, stockbroker or financial institution (I.S.I.N. code: FR0000120321), and co nsult your usual newspapers or magazines or the Internet site for shareholders and investors, www.loreal-finance.com, the L'Oréal Finance app or call +33 1 40 14 80 50.
1 Comité Central d'Entreprise
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