L'ORÉAL: News Release: "L'Oréal finalizes the acquisition of Korean Stylenanda"
June 20 2018 - 12:00PM
L'Oréal finalizes the
acquisition of Korean Stylenanda
Clichy, 20 June
2018 - After obtaining the necessary authorizations from the
relevant authorities, L'Oréal has finalized
the acquisition of the Korean lifestyle company Nanda Co. Ltd, in accordance with the terms announced
on 2 May 2018.
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
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 the toll-free number from France:
0.800.66.66.66. |
www.loreal-finance.com -
Follow us on Twitter @loreal
Read the news release of 20 June
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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