L'Oréal: News Release: "L'Oréal acquires German natural beauty company Logocos Naturkosmetik AG"
01 Agosto 2018 - 08:30AM
L'Oréal acquires German natural beauty
company
Logocos Naturkosmetik
AG
Clichy, 1 August
2018 - L'Oréal announces the signing of an agreement to acquire
Logocos Naturkosmetik AG, the German beauty
company which pioneered natural cosmetics with the brand Logona and
other brands such as Sante. All the company's brands are vegan and
bio certified with a range of products using their own plant
extracts and natural ingredients derived from organic farming.
Founded in 1978 by a naturopath,
Logocos Naturkosmetik is based in Hanover, Germany and employs
about 340 people. In 2017, net sales were 59 million euros across
Germany and other countries in Europe.
Logona
products cover haircare, hair color, skincare and hygiene product
categories and are found in specialized distribution, mainly
organic stores, at a premium price level for the engaged consumers
of natural cosmetics. Sante line of products
includes haircare, skincare, hygiene and make-up and is found
mainly in mass retail at an accessible price for young and trendy
consumers.
Alexis
Perakis-Valat, President of L'Oréal's Consumer Products
Division, said "Logocos brings to the Division two
authentic and certified naturaI brands as well as a unique
expertise from a worldwide pioneer of the organic beauty market. In
line with L'Oréal's strategy to "seize what starts", this acquisition reinforces the position of the Division
on one of today's major beauty ascending trends".
Fabrice
Megarbane, General Manager L'Oréal Germany, said "L'Oréal Germany is excited to acquire an expertise in
natural cosmetics in a market where the desire for organic
cosmetics is among the highest in Western Europe."
With this acquisition, L'Oréal
plans to expand the sales of Logocos Naturkosmetik brands
internationally. The transaction is expected to be completed in a
few months after customary regulatory approvals.
About
L'Oréal
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 26.02
billion euros in 2017 and employs 82,600 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 3,885 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.
For more information: http://mediaroom.loreal.com/en/
"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:
+33 1 47 56 70 00)
Individual shareholders and
market authorities
Mr Jean Régis CAROF
Tel: +33 1 47 56 83 02
jean-regis.carof@loreal.com
Financial analysts and
Institutional investors
Mrs Françoise LAUVIN
Tel: +33 1 47 56 86 82
francoise.lauvin@loreal.com
Journalists
Mrs Stephanie CARSON-PARKER
Tel: +33 1 47 56 76 71
stephanie.carsonparker@loreal.com
Mrs Polina HUARD
Tel: + 33 (0)1 47 56 87 88
polina.huard@loreal.com
For more information, please
contact your bank, broker or financial institution (I.S.I.N. code:
FR0000120321), and consult your usual newspapers, the Internet site
for shareholders and investors - www.loreal-finance.com - or the
L'Oréal Finance app, alternatively, call +33 1 40 14 80 50.
www.loreal.com - Follow us on Twitter @loreal
Read the news release of 1 August
2018
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: L'ORÉAL via Globenewswire
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