L'ORÉAL: News Release: "Sale contract of The Body Shop signed between L'Oréal and Natura"
June 27 2017 - 2:30AM
Sale contract of The Body Shop signed
between L'Oréal and Natura
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.
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 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
e-commerce.
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 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 Polina HUARD
Tel: +33 1 47 56 87 88
polina.huard@loreal.com
For further information, please
contact your bank, stockbroker or financial institution (I.S.I.N.
code: FR0000120321), and consult 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.
www.loreal.com - Follow us on
Twitter @loreal
__________________
1 Comité Central d'Entreprise
Read the news release of 27 June
2017
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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