DOCSLIB.ORG

Annual Report 2013 2013 Report Annual

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Annual Report 2013 2013 Report Annual 2013 ANNUAL REPORT 2013 ANNUAL REPORT BEAUTY FOR ALL For more than a century, L’Oréal has devoted itself solely to one business: beauty. It is a business rich in meaning, as it enables all individuals to express their personalities, gain self-confidence and open up to others. Beauty is a language L’Oréal has set itself the mission of offering all women and men worldwide the best of cosmetics innovation in terms of quality, efficacy and safety. It pursues this goal by meeting the infinite diversity of beauty needs and desires all over the world. Beauty is universal OUR Since its creation by a researcher, the group has been pushing back the frontiers of knowledge. Its unique Research arm enables MISSION it to continually explore new territories and invent the products of the future, while drawing inspiration from beauty rituals the world over. Beauty is a science Providing access to products that enhance well-being, mobilising its innovative strength to preserve the beauty of the planet and supporting local communities. These are exacting challenges, which are a source of inspiration and creativity for L’Oréal. Beauty is a commitment By drawing on the diversity of its teams, and the richness and the complementarity of its brand portfolio, L’Oréal has made the universalisation of beauty its project for the years to come. L’Oréal, offering beauty for all 01 Contents INTERVIEW WITH JEAN-PAUL AGON CHAIRMAN AND CEO OF L’ORÉAL / 04 BOARD OF DIRECTORS / 08 EXECUTIVE COMMITTEE / 10 L’ORÉAL IN FIGURES / 12 P.14 P.32 BEAUTY IS L’ORÉAL , OFFERING UNIVERSAL BEAUTY L’Oréal is in a good position to seize the opportunities FOR ALL of the new beauty planet now taking shape. The recent acquisitions are opening up prospects of expansion in all territories. Women and men are at the heart of the Each division is developing a specific vision for each group’s success, and expertise in all its forms is driving distribution channel, to respond to the needs of each dimension of the universalisation strategy. all lifestyles. The collection of international brands has tremendous growth potential: THE WORLD OF BEAUTY IN 2013 / 16 each one of them captures beauty desires, TOMorrow, A NEW BEAUTY Planet / 18 establishing an ever closer relationship with consumers. Worldwide ADVanCES FOR L’ORÉal / 20 CONSUMER PRODUCTS / 34 StrateGIC ACQuiSITIONS / 22 BraZil, HEADING FOR SUStainable Growth / 24 L’ORÉal LUXE / 44 HUMan CAPital AT THE HEART OF L’ORÉal / 28 PROFESSIONAL PRODUCTS / 54 AN INDUStrial ModeL SerVinG UNIVerSalISation / 30 ACTIVE COSMETICS / 62 The Body SHOP / 70 GalderMA / 72 2013 ANNUAL REPORT DIGITAL EDITION Take a look at the multimedia content and exclusive articles in your L’Oréal Finance Mag digital magazine! magazine.loreal-finance.com/en 02 P.74 BEAUTY IS A SCIENCE To invent the beauty of tomorrow, L’Oréal is continuing to apply its chosen policy of combining high-level Research with the most P. 34 advanced science. A focus on two emblematic pathways to innovation. CONSUMER PRODUCTS StayinG OUT IN FRONT / 76 FroM SCieNCE TO BEAUTY / 78 UniVerSalISation INSPirES INNOVation / 80 P.82 P. 44 L’ORÉAL LUXE P. 54 BEAUTY IS A PROFESSIONAL PRODUCTS COMMITMENT It is not enough for a company to deliver high performance. L’Oréal’s ambition matches its responsibilities as a leader: to make the L’Oréal of the 21st century an exemplary company. A DECISIVE StaGE IN OUR COMMitMenT / 84 “SharinG BEAUTY WITH ALL” / 85 The FOUNDATION’S ProGraMMES / 88 P. 62 ACTIVE COSMETICS AdMINISTRATION AND FINANCE / 90 03 INTERVIEW What conclusions can ⁄ A THRILLING you draw from 2013? 2013 was another good year for L’Oréal. The group STAGE IN BUILDING outperformed the market across all divisions and geographic zones, posting THE NEW L’ORÉAL significant growth in both results and profitability. 2013 was also another year of progress in adapting the company to a changing world, and driving its efficiency, modernity and performance, so as to continue to build JEAN-PAUL AGON dynamic, sustainable and CHAIRMAN AND CEO OF L’ORÉal profitable growth. What were the reasons behind this good performance? Above all, our products and our launches. This is essential in our business: cosmetics is a supply-driven market where leadership is built up primarily through the attractiveness and superiority of products. 04 This strong commitment to innovation is at the heart WE HAVE OUTPERFORMED of L’Oréal and enables us to THE MARKET ACROSS “ stay one step ahead. To rise “ to it, we have once again ALL DIVISIONS AND increased our Research and Innovation budgets, which GEOGRAPHIC ZONES. have risen faster than our sales. We are investing in all areas: in Advanced Research with the company’s very of the contribution made by and in formulation; in France favourable prospects, have its specialised committees, and in our five regional hubs, led the Board of Directors to whose remits have been anchored in the planet’s propose to the next Annual expanded since their creation. major cosmetics markets. General Meeting a further In 2014, the Board will propose significant increase in to the Annual General Another reason is the vitality dividend of +8.7% to 2.50 euros. Meeting the appointment as of our brands. They play a key new Board Director of role in these successes. Is governance one of Mrs Belen Garijo, of Spanish The brands are always the factors in L’Oréal’s nationality, President and CEO reinventing themselves, success? of Merck Serono, the to stay perfectly attuned to There is no doubt about it. pharmaceutical subsidiary consumers who are constantly The quality of governance of the German group Merck. changing. Today more than is underpinned by highly Out of a total of fourteen ever, our brand portfolio is committed directors endowed directors, five women will have the most varied, richest and with complementary expertise. a seat on the Board, and there most powerful in the industry. They ensure that all decisions will be a substantial proportion It is this richness that enables assist in the implementation of independent directors. us to meet the whole world’s of the strategic orientations In governance matters, beauty expectations so they have approved. L’Oréal wants its behaviour effectively. The Board draws on the quality to be exemplary too. ••• Through globalisation, our brands have strengthened their positions across all geographic zones. Moreover, the group’s growth is well- ⁄ STRATEGIC TRANSACTION balanced: Western Europe remains very solid, North BETWEEN L’ORÉAL AND NESTLÉ America recorded another IN FEBRUARY 2014 YOU ANNOUNCED A STRATEGIC TRANSACTION year of growth and market UNDER WHICH L’ORÉAL WilL BUY 48.5 MilliON OF ITS OWN SHARES share gains in a less buoyant FROM NESTLÉ. WHAT DOES THIS DEAL INVOLVE? context, and the New Markets excluding Japan posted This transaction represents a very positive strategic move for L’Oréal, double-digit growth. its employees and its shareholders. The buyback of 48.5 million of our own shares, that is 8% of share capital, will be partially financed And in terms of results? through the disposal to Nestlé of our 50% stake in GALDERMA for an 2013 was also a good year for enterprise value of 3.1 billion euros, and for the remainder in cash for progress in results and in an amount of 3.4 billion euros. L’Oréal is focusing exclusively on its profitability, which reached a cosmetics business. L’Oréal will benefit from the very significant and record level. These results reinforced presence of the founding Bettencourt Meyers family, who will once again confirm the continue to fully support the company as it always did in the past. strength of L’Oréal’s business Furthermore, Nestlé, which has always been a loyal and constructive model, which creates value shareholder, will continue to provide its active support. Lastly, all of and generates cash flow. L’Oréal’s shareholders will benefit from this transaction, with an They illustrate the group’s accretive impact on the company’s earnings, resulting from the ability to continue to deliver buyback and subsequent cancellation of L’Oréal shares held by Nestlé. sustainable and profitable growth. Their solidity, together 05 UNIVERSALISATION, THE“ STRATEGY WE HAVE CH“ OSEN, IS GLOBALISATION THAT RESPECTS DIFFERENCES. digital media. Our vision of digital and traditional media is now totally integrated. All our brands across all regions have switched to digital. They have ••• worked intensively to offer You have made several that will reinforce our their consumers the very best acquisitions. Can you geographic coverage: not only in information content explain the reasoning in Colombia with the make-up but also in service quality behind them? brand VOGUE, in Kenya on the Internet, which is also On one hand there are with INTERBEAUTY and in Brazil an additional distribution acquisitions that complement with EMPORIO BODY STORE. These channel for our brands. our portfolio of brands with companies are accelerating a global vocation, like the our penetration of these You have continued the American make-up brand markets tremendously. group’s transformation 1/ URBAN DECAY, which is All these acquisitions will make process. Is a new L’Oréal Jean-Paul Agon, now emerging? on a visit to China, a tremendous addition to our contributions to our organic with the Mayor luxury brands. The same growth in the future. Yes definitely. Over the last few of Shanghai, applies to DECLÉOR and CARITA, years, we have been adapting Mr Yang Xiong. which will take us into a new Where do you stand the group in all areas, to make business, professional skincare, regarding the “digital sure it is keeping pace with 2/ revolution”? Jean-Paul Agon and broadening the growth the major economic, digital Mrs Irina Bokova, potential of Professional We have continued to transform and social changes taking Director-General Products.
Load more

Recommended publications
  • Annual Report 2018 Contents 1St 86,000 Cosmetics Group Employees Prospects Worldwide(1) 02 Prospects by Jean-Paul Agon, Chairman & CEO
    Annual Report 2018 Contents 1st 86,000 cosmetics group employees Prospects worldwide(1) 02 Prospects by Jean-Paul Agon, Chairman & CEO Strategy 36 150 brands countries 06 Governance · The Board of Directors · The Executive Committee 10 Quality 12 Ethics 26.9 505 14 Responsibility · “Sharing Beauty With All” billion euros patents registered · Citizen Day of sales(2) in 2018 · The L’Oréal Corporate Foundation 18 Human Relations Performance Commitments for 2 4.92 1 Cosmetics Market 24 L’Oréal in figures billion euros in 2020 28 Worldwide advances operating profit “Sharing Beauty With All” 31 Strategic themes Brands 33 Brands overview (1) Source: WWD, Beauty Top 100,May 2018. (2) At 31 December 2018. 34 Consumer Products 38 L’Oréal Luxe 42 Professional Products More exclusive content 46 Active Cosmetics on the digital version Expertise lorealannualreport2018.com 52 Research & Innovation 54 Operations Discover and filter 56 Digital the Annual Report content 58 Administration and Finance Discover the strategic themes of the Annual Report. Use them to filter content and personalise your navigation to find content that matches your interests. The digital version also features more exclusive content, articles, infographics and many videos. Our mission Beauty for All Offering all women and men worldwide the best of cosmetics in terms of quality, efficacy and safety to satisfy all their beauty needs and desires, in their infinite diversity. Our strategy Universalisation L’Oréal has chosen a unique strategy: Universalisation. It means globalisation that captures, understands and respects differences. Differences in desires, needs and traditions. To offer tailor-made beauty, and meet the aspirations of consumers in every part of the world.
    [Show full text]
  • The L'oréal Group
    Tomas Bata University in Zlín Faculty of Management and Economics Presentation on The L’Oréal Group ( the company for beauty) Subject: English language Elaborated by: Sandra Antičová Group: I 21/F 2 Introduction Good morning Ladies and Gentlemen. It’s a great pleasure to have the opportunity to adress such a distinquished audience. Firstly, I would like to introduce myself. My name is Sandra Anticova. I work as a representative in the L’Oréal Czech Republic subsidiary. Today I’m going to inform you about L’Oréal, its history, products, sales, structure and something about its owners and shareholders. Please interrupt me if there is something which needs clarifying. Otherwise, there’ll be time for discussion at the end of my short presentation. I think that now it is time to start. So, I would suggest that we begin with the history of the company. The history of the company In 1907, Eugéne Schueller, a young French chemist, developed an innovative hair- colour formula. He called this new, perfectly safe, hair duy „Aurelióne“ . With this, the history of L‘Oréal began. Eugéne Scheller formulated and manufactured his own products, which he then sold to Parisian hairdressers. In 1909, Schueller registred his own company, the „Société Francaise de Teintures Inoffensives pour Cheveux“, the future L‘Oréal. The two guiding principles of the company were research and innovation in the interests of beauty, and these were put into place from the start. In 1920, the small company employed 3 chemists. By 1950, the research teams had 100 members, and the number reached 1,000 by 1984, and is nearly 3,000 today.
    [Show full text]
  • L'oréal Philippines Is the First Company in the Philippines To
    L’Oréal Philippines is the First Company in the Philippines to Receive EDGE Gender Equality Certification As the global business certification standard for gender equality, EDGE certifies equal opportunities for both genders within the L’Oréal Philippines workplace Geneva, Switzerland/Manila, the Philippines–September 10, 2015 – As a company that values equality and open-mindedness in the workplace, L’Oréal Philippines takes pride as the first company in the Philippines to receive EDGE (Economic Dividends for Gender Equality) Certification for gender equality. Following its launch at the World Economic Forum in 2011, EDGE’s mission has been to engage companies across the world in fostering equal opportunities for women and men in the workplace. EDGE Assessment is the leading business certification for gender equality in the workplace that is universally applicable across industries and countries, and is distinguished by its rigor and focus on business impact. “Diversity has always been one of the key drivers at L’Oréal Philippines, and is integral to the way we work,” shares Anna Coloma-Basilio, HR Manager, and the Chief Diversity Contact of L’Oréal Philippines. “We continue to strive for equal opportunities and an inclusive workplace for all genders because we recognize and value that each individual’s unique perspectives and creativity fuel our ability to grow our business and meet the needs of our consumers.” The EDGE Certification process involves a comprehensive review on gender practices, including policies and actions related to equal pay for equivalent work, recruitment and promotion, leadership development, training and mentoring, flexible working, and company culture. The certification process began last year, when L’Oréal Philippines embarked on a review on gender-equality practices within the company.
    [Show full text]
  • Download the Letter to Shareholders, No. 64
    L’ORÉAL FINANCE TO SHAREHOLDERS No.64 – AUTUMN 2015 NEWS / p.02 FOCUS ON TURKEY: MAKE-UP AND DIGITAL, A WINNING PAIR / p.04 Find out more about the results, the share price and your shareholder meetings / p.06 to 08 News Editorial JEAN-PAUL AGON WORLDWIDE Chairman and CEO of L’Oréal ROLL-OUT OF THE “SHARE & CARE” SOCIAL t the end of June, our reported growth was the strong- est recorded for the last twenty years, with a very posi- PROGRAMME A tive currency effect. This strong increase in sales has been achieved alongside good quality first-half results, information L’Oréal has successfully deployed its about which can be found in this Letter. “Share & Care” programme, which All of the group’s Divisions are growing. L’Oréal Luxe is outper- ensures its employees enjoy the best forming a dynamic worldwide market, with double-digit growth for practices in terms of social benefit, the GIORGIO ARMANI, YVES SAINT LAURENT and KIEHL’S healthcare, parenthood and quality brands. The Professional Products Division is showing a clear re- of life at work. By the end of 2015, bound thanks to the success of REDKEN and the performance 100% of its objectives will have been at L’ORÉAL PROFESSIONNEL. The latter has recently launched the met in the countries in which the group innovative personalised professional service, Pro Fiber, which you operates. can explore in the digital version of this Letter. The Active Cosmetics “L’Oréal’s desire is to combine the Division is greatly strengthening its worldwide position, driven in globalisation of economic performance particular by the success of LA ROCHE-POSAY.
    [Show full text]
  • Annual Report 2014
    ANNUAL REPORT 2014 VISIT LOREAL.COM FOR THE FULL VERSION Contents Interview with Jean-Paul Agon, Chairman and Chief Executive Officer / 03 The Board of Directors / 06 The Executive Committee / 08 L’Oréal in figures / 10 Cosmetics market / 12 Worldwide performances / 14 Strategic acquisitions / 16 18 THE WORLD OF BRANDS CONSUMER Products / 20 L’Oréal LUXE / 24 PROFESSIONAL Products / 28 ACTIVE Cosmetics / 32 The Body Shop / 36 Travel Retail / 38 EXPERTISE TO DRIVE GROWTH Research and Innovation / 42 Digital / 46 Operations / 48 Human Relations / 50 40 Administration and Finance / 52 Corporate Social Responsibility / 54 BROWSE THE FULL 2014 ANNUAL REPORT ONLINE Visit loreal.com for the full 2014 Annual Report. As you read this printed version of the report, you can also enjoy direct access to multimedia content designed to enrich the pages you are reading and which feature the above symbol. How does it work? • Download the L’Oréal Finance app on your smartphone or tablet. • Go into the Annual Report section. • Scan the page you are interested in. Our mission Beauty for All For more than a century, L’Oréal has devoted itself solely to one business: beauty. It is a business rich in meaning, as it enables all individuals to express their personalities, gain self-confidence and open up to others. Beauty is a language L’Oréal has set itself the mission of offering all women and men worldwide the best of cosmetics innovation in terms of quality, efficacy and safety. It pursues this goal by meeting the infinite diversity of beauty needs and desires all over the world.
    [Show full text]
  • Restricted Brands
    05/07/2020 Restricted Brands Search Daraz University by keyword, topic, or … Categories Event Calendar Content Library Seller Services Growth Assistant Seller Support Home Policies & Guidelines Restricted Brands Restricted Brands Learn which brands are restricted to be sold on Daraz without any authorization Please find below a list of all the restricted brands which you are unable to sell on Daraz if you are not an authorized distributor of that brand. You are required to send us the authorization letter to be able to sell the following restricted brands. RESTRICTED BRANDS 20 Herbal Deer Lolane Riversong ELIZABETH TAYLOR Cannon Foam Abbott Laboratories (Pakistan) Ltd. Deli Lomani ROBERTO CAVALLI Emper Premier Home Abeer Deluxe Louis Cardin Romanson Emper Perfumes Pak China Traders Accessorize Derwent LUMINAID Romoss Emporio Armani Meeshan Adata Diamond Lux Ronin Enchanteur KAF Adidas Dingli MAC Ronin Official Energile Lajawab aerosoft Dollar Makeup Obsession Rose petal English Blazer Get Style Agent provocateur DoubleA Makeup Revolution London Royal Fitness ESCADA Fancy Furnishers Aigner Dux Marc Jacobs Royal Fitness Canada Escarda Furniture City Ajinomoto Eagle MARCO' POLO Royal Mirage Essie Munfarid Ajmal edukaan.buzz Mardaz Russell Hobbs ESTEE LAUDER Meer's Interior Al Haramain Elfor Marketo S. T. Dupont Estiara Diamond Supreme Foam Al Rehab EONY Maryaj Saeed Ghani Eternal Love Perfumes Dolce Vita Alfred Dunhill Excel MATTEL SAFRiN Eternum Diamond Supreme Alienware FABER CASTELL Mauboussin Sage Leather EzyShop Steeline Almirah FAST
    [Show full text]
  • News Release in 1996 to Group All the Cosmetic Brands of the Group Under a Single Corporate Banner
    Strategic Alliance Announced Between The L’Oréal Group And Shu Uemura Cosmetics Inc. PARIS November 24th , 2000 - The L'Oréal Group and Mr. Shu Uemura have signed an agreement whereby L'Oréal's Japanese subsidiary, Nihon L'Oréal K.K. will acquire a 35% participation in Shu Uemura Cosmetics Inc. This company will in turn transfer to the L'Oréal Group its international business, including the rights to the brand outside of Japan. For the Shu Uemura brand this new agreement fulfils two objects, on the one hand gaining access to L'Oréal's resources to reinforce its already strong position in Japan and on the other to be able to rely on the L'Oréal group's R&D and marketing strength and its world-wide network to establish it among the world's leading cosmetic brands. For the L'Oréal group, this agreement will further strengthen its growing position in Japan, particularly in the selective department store distribution, and provide it with a modern, highly creative brand in its global portfolio, its first from Japan. Shu Uemura Cosmetics, which carries the name of its founder, a pioneer not only in the art of make-up but also in the development of advanced skin cleansing and treatment products, has become one of the most celebrated cosmetics brands in Japan. It is sold through more than 100 department store counters and its own boutiques, and other lines are found in leading beauty salons across the country. Outside of Japan, it is already sold in 25 countries through about 100 department stores or exclusive boutiques, with 75% of these overseas sales coming in South-East Asia.
    [Show full text]
  • University of Barcelona 2
    QUALITATIVE AND QUANTITATIVE ANALYSIS OF L’ORÉAL Authors (Universitat de Barcelona): Àfrica Corominas Sotero Laura García Santos EDITOR: Jordi Marti Pidelaserra (Dpt. Comptabilitat, Universitat Barcelona) UNIVERSITY OF BARCELONA 2 BECAUSE YOU’RE WORTH IT BEAUTY FOR ALL Names: Corominas Sotero, Àfrica García Santos, Laura Subject: Analysis of financial statements ANALYSIS OF Professor:FINANCIAL Marti STATEMENTS Pidelaserra, Jordi UNIVERSITY OF BARCELONA 3 CONTENTS 1. Company overview –page:3-9- - Firm Structure –page:3- - Mission –page:3- - History –page:3-4- - Facts and Figures –page:5- - Policy –page:6- - Management –page:6-7- - World Presence –page:7-8- - Innovation and Research –page:8-9- 2. Brands –page:9-18- - Consumer Products –page:9-11- - Professional Products –page:11-12- - Luxury Products –page:12-16- - Active Cosmetics –page:16-18- - The Body Shop –page:18- 3. Finance –page:18-20- 4. Ethics and Philanthropy –page:20-23- - Foundation –page:20-21- - Sustainable development –page:22-23- 5. Suppliers and Clients –page:23-25- 6. Bibliography –page:25- 7. Annexes –page:26-30- - Annex1 –page:26-27- - Annex 2 –page:28-29- - Annex 3 –page:29-30- ANALYSIS OF FINANCIAL STATEMENTS UNIVERSITY OF BARCELONA 4 1. COMPANY OVERVIEW - FIRM STRUCTURE L'Oréal, the world leader in the manufacture of cosmetics was created in 1907 by chemist Eugène Schueller in France. It is a company incorporated under the regime of anonymous meaning that it has a limited capital with shares traded in Eurostocks. L’Oréal was constituted on 31 of December, 1962 in Paris, France. *See annex 1 –page:26-27- - MISSION The main mission for L'Oréal is: BEAUTY FOR ALL.
    [Show full text]
  • Designer​​Brand​​List
    THREDUP LUXE DESIGNER​ ​BRAND​ ​LIST # 10 Crosby Derek Lam 3.1 Phillip Lim 6397 A A Détacher Alessandra Rich Anna-Karin Karlsson A.F.Vandevorst Alexa Wagner Anthony Vaccarello A.P.C. Alexander McQueen Antonio Berardi A.W.A.K.E. by Natalia Alaverdian Alexander Wang Anya Hindmarch Acne Alexandre Birman Apiece Apart Acne Studios Alexandre Vauthier Aquascutum Adam Lippes Alexis Aquazzura Adam Selman Alexis Mabille Aquilano Rimondi ADEAM Alice McCall Armani Collezioni Adrienne Landau Alix of Bohemia Armani Prive Aether Altuzarra Arthur Arbesser Agnona Alumnae Ashish AKRIS Amelia Toro Atea Oceanie Akris punto Andrew Gn Atlantique Ascoli Alaïa André Courrèges Atlein Alanui Ann Demeulemeester Attico Alberta Ferretti Collection Anna October Au Jour Le Jour Albus Lumen Anna Sui Azzaro Alessandra Chamonix B Baja East Bibhu Mohapatra Brioni Baldinini Bionda Castana Brock Collection Balenciaga Biyan Brother Vellies Balmain Black Fleece Brunello Cucinelli Banjanan Blaze Milano Building Block Banjo & Matilda Bliss and Mischief Burberry Bao Bao Issey Miyake Blumarine Burberry Brit Barbara Bui Bodkin Burberry Prorsum Barbara Casasola Bogner Buscemi Barrie Borgo De Nor BUwood Barton Perreira Bottega Veneta Bvlgari Beaufille Bouchra Jarrar by FAR Belstaff Boyy By Malene Birger Benedetta Bruzziches Brandon Maxwell BY. Bonnie Young Bernhard Willhelm Brian Atwood Byredo Bertoni 1949 C Calvin Klein 205W39NYC Chanel Identification Cinq à Sept Calvin Klein Collection Charles Youssef Clare V. Camilla and Marc Charlotte Olympia Class Roberto Cavalli Camilla Elphick
    [Show full text]
  • L'oréal Signs an Agreement to Acquire Urban Decay, One of the Fastest
    L’ORÉAL SIGNS AN AGREEMENT TO ACQUIRE URBAN DECAY, ONE OF THE FASTEST-GROWING SPECIALTY MAKE-UP BRANDS IN THE USA Clichy 26 November 2012 - L’Oréal today announced the signing of an agreement with Castanea Partners to acquire Urban Decay. Based in Newport Beach California, Urban Decay, created in 1996 by make-up expert Wende Zomnir, has built a reputation based on the concept of “beauty with an edge” and values of femininity and irreverence. The line has star products in the eye category such as the Naked Palette and recently successfully launched its new foundation, the Naked Skin weightless liquid make-up. Urban Decay is popular among the youthful highly-involved cutting-edge consumers who are attracted by the fashion-forward image of the brand. The market for make-up specialist brands represents 44% of the luxury make-up market in the US. In the fiscal year ended in June 2012, Urban Decay recorded net sales of 130 million US dollars. “Urban Decay will beautifully complement L’Oréal Luxe’s portfolio of iconic brands. It is the make-up specialist we needed to fully satisfy young women in search of playful colors and inspiration in selective distribution, at an accessible price point. It is totally additional to our existing propositions and as such it will contribute significantly to the growth of the Division in the years to come,” said Nicolas Hieronimus, President L’Oréal Luxe. Urban Decay is distributed in the key assisted self-service channel which includes among others Ulta and Sephora. It is one of the fastest growing segments in the US luxury retail universe.
    [Show full text]
  • Catwalks Paris Women's FW 19 / 20
    Catwalks & Presentations Paris Women's Fall Winter 19-20 Fashion Week dates : February 25 - March 05 Definitive schedule MONDAY FEBRUARY 25 CATWALKS 5.30pm ROKH See invitation 6.30pm OTTOLINGER See invitation 8.00pm JACQUEMUS See invitation MONDAY FEBRUARY 25 PRESENTATIONS 4.00pm -> HYUN MI NIELSEN Boon - 9 rue de Lesdiguieres - 7.30pm 75004 TUESDAY FEBRUARY 26 CATWALKS 10.30am MARINE SERRE See invitation 11.30am AFTERHOMEWORK See invitation 12.30pm MARQUES ALMEIDA See invitation 1.30pm VICTORIA/TOMAS See invitation 2.30pm CHRISTIAN DIOR See invitation 3.30pm DAWEI See invitation 3.30pm MOOHONG See invitation 4.30pm ANREALAGE See invitation 5.30pm KOCHÉ See invitation 6.00pm FATIMA LOPES Ambassade du Portugal - 1 rue de Noisiel - 75116 6.30pm MOON YOUNG HEE See invitation 8.00pm SAINT LAURENT See invitation TUESDAY FEBRUARY 26 PRESENTATIONS -> MAZARINE PARIS Palais de Tokyo - 13 avenue du Président Wilson - 75116 10.00am -> TARA JARMON Agence Sandie Roy Paris - 54 rue 6.00pm Etienne Marcel - 75002 7.30pm -> LÉO See invitation 9.30pm WED. FEBRUARY 27 CATWALKS 9.30am LANVIN See invitation 11.00am MUGLER See invitation 12.00pm MAISON MARGIELA See invitation 1.00pm AALTO See invitation 1.30pm DIOGO MIRANDA See invitation WED. FEBRUARY 27 CATWALKS 2.00pm NEHERA See invitation 2.00pm UNRAVEL PROJECT Grand Palais - 3 avenue Winston Churchill - 75008 3.00pm DRIES VAN NOTEN See invitation 3.00pm HEILL Hotel Ritz Paris - 15 Place Vendome - 75001 4.00pm GUY LAROCHE Hotel Salomon de Rothschild - 11 rue Berryer - 75008 5.00pm ROCHAS See invitation 5.30pm LUIS BUCHINHO See invitation 6.00pm LEMAIRE See invitation 6.15pm CHRISTOPHE GUILLARMÉ L’Atelier Renault - 53 avenue des Champs-Elysées - 75008 " Circé " 6.30pm ROMANIAN DESIGNERS Hotel de Behague - 123 rue Saint Dominique - 75007 Brands: MIAU by Clara Rotescu, Catalin Botezatu, Alda Ciceu, Alexandru Raicu, Bobar, Kikilou 7.00pm COURREGES See invitation 8.00pm KENZO See invitation 9.00pm NEITH NYER & DDP See invitation WED.
    [Show full text]
  • News Release
    L’ORÉAL USA SIGNS AGREEMENT TO ACQUIRE CAROL’S DAUGHTER New York, NY – October 20, 2014 – L’Oréal USA announced today the signing of a definitive agreement to acquire Carol’s Daughter. Headquartered in New York City, Carol’s Daughter is a premier American multi-cultural beauty brand with a pioneering heritage in the natural beauty movement. Created by Lisa Price in 1993, the brand caters to a diverse, rapidly growing market and has established a loyal consumer following across the country. Following a multi-channel distribution model, Carol’s Daughter offers a comprehensive range of products that are available at specialty beauty stores, mass retailers, on HSN, through e-commerce and at Carol’s Daughter branded stores in New York City. For the 12 months ending September 30, 2014, Carol’s Daughter had net sales of US $27 million. “Carol’s Daughter possesses an expertise in the multi-cultural consumer segment, a rapidly expanding market that represents an important growth opportunity in the beauty industry,” said Frédéric Rozé, President and CEO of L’Oréal USA. “This acquisition will enable L’Oreal USA to build a new dedicated multi-cultural beauty division as part of our Consumer Products business, and strengthen the company’s position in this dynamic market.” Carol’s Daughter will continue to operate out of their New York City headquarters under the brand’s current leadership team. This acquisition further enhances L’Oréal USA’s roster of American brands which includes Maybelline NY, Kiehl’s, Essie, Urban Decay, Clarisonic and NYX. “I have worked hard for the past 21 years nurturing my brand and am thrilled that we will have a new home with L'Oréal USA," said Lisa Price, Founder and President of Carol’s Daughter.
    [Show full text]