21/04/2010 17:30:00

L'Oréal USA signs agreement to acquire Essie Cosmetics

Related content
06 Sep - 
L'OREAL : Disclosure of total number of voting rights a..
31 Aug - 
L'ORÉAL: News Release: "L'Oréal finalizes the acquisiti..
03 Aug - 
L'Oréal: News Release: "2016 Half-year financial report..

Clichy, April 21st, 2010 at 6:30 p.m.

L'Oréal USA signs agreement

to acquire Essie Cosmetics

L'Oréal USA today announced the signature of an agreement to acquire Essie Cosmetics, the ultimate nail color authority in the US, founded in 1981 by Essie Weingarten, and mainly sold in American salons and spas.

Essie's net sales through the last 12-month period were $28 million.

This acquisition will enable L'Oréal to increase its share in the nail color and care market which has seen significant growth year over year.

The acquisition is expected to be completed within 60 to 90 days, subject to customary US and international regulatory approvals.

"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

jcarof@dgaf.loreal.com

Financial analysts and Institutional investors

Mrs Caroline MILLOT

Tel: +33 1 47 56 86 82

cmillot@dgaf.loreal.com

Journalists

Mrs Stephanie CARSON-PARKER

Tel: +33 1 47 56 76 71

scarsonparker@dgc.loreal.com

For more information, please contact your bank, broker or financial institution (I.S.I.N. code: FR0000120321), and consult your usual newspapers, and the Internet site for shareholders and investors, http://www.loreal-finance.com, or its mobile version on your cell phone, http://loreal-finance.mobi; alternatively, call +33 1 40 14 80 50.

Copyright Hugin

The appendixes relating to the press release are available on:

http://www.hugingroup.com/documents_ir/PJ/CO/2010/165279_88_Y17F_Oreal-USA-21-04-2010-US.pdf

Information réglementée :

Type : Nouvelle information

Thème(s):

Communiqués au titre de l'obligation d'information permanente - Activité de l'émetteur (acquisitions, cessions...)

This announcement is originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

[CN#165279]

Post comment

Related debate

  • 1 week
  • 1 month
  • 1 Year
Ingen indlæg

Holding(s) in Company

29/09/2016 13:25:24
For filings with the FCA include the annex   For filings with is..

HSBC Bank Plc : Form 8.5 (EPT/RI) - London Stock Exchange Group Plc

29/09/2016 10:59:38
FORM 8.5 (EPT/RI) PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY ..

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
Novartis announces Phase III study shows AMG 334 significantly reduces monthly migraine days in people with episodic migraine
2
O-I Announces Third Quarter 2016 Earnings Conference Call and Webcast
3
Apricus Biosciences Closes $3.7 Million Registered Direct Offering
4
Ashland and Valvoline announce closing of Valvoline Inc. initial public offering
5
LivaNova PLC: Half Year Report

Related stock quotes

L'OREAL 167.65 -0.5% Stock price decreasing

Buy and sell signals

  • Trend
  • Moneymachine

Copyright Euroinvestor A/S 2016   Disclaimer and Terms of Use
Quote information is delivered by Interactive Data.
Data is delayed 15-20 minutes according to the distribution agreements set by the different exchanges.
 
29 September 2016 21:18:21
(UTC) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20160921.1 - EUROWEB4 - 2016-09-29 22:18:21 - 2016-09-29 21:18:21 - 1000 - Website: OKAY