News Releases
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Acquisitions
Following the approval by the General Meeting of Magic Holdings International Limited shareholders, L’Oréal announces the transaction is now effective. This move marks L’Oréal’s biggest investment to-date in the Chinese beauty market and further strengthens the Group’s leadership position in the world’s third largest beauty market.
Other financial information
L'Oréal's Board of Directors, met on Monday, February 10th, 2014, to authorize the acquisition by L'Oréal from Nestlé of a block of 48,500,000 L'Oréal shares, representing 8% of its share capital.
Annual General Meeting
Information available concerning the Annual General Meeting to be held on Thursday, April 17, 2014 and the 2013 Registration Document.
ANNUAL GENERAL MEETING SET FOR APRIL 17, 2014:
Acquisitions
Following the announcement released in October 2013, L’Oréal and Shiseido have finalised the contracts for the acquisition by L’Oréal of Decléor and Carita.
Closing will be effective pending remaining approvals from regulatory authorities.
About L’Oréal
Other financial information
Paris and Vevey, February 11th, 2014 - Nestlé and L'Oréal announced today that their respective Boards of Directors, in meetings held on February 10th, 2014, have approved by unanimous decision of their voting members a strategic transaction for both companies under which L'Oréal will buy 48.5 million of its own shares (8% of its share capital) fro
Results
Further strengthening of worldwide positions
Record operating margin
Sales: 22.98 billion euros
+5.0% like-for-like
+2.3% based on reported figures
+6.0% at constant exchange rates
Operating profit: 3.875 billion euros, representing 16.9% of sales
Net profit after non-controlling interests: +3.2%
Acquisitions
L’Oréal and Magic Holdings International Limited, a company listed on the Hong Kong Stock Exchange, issued earlier today a “joint announcement” confirming the approval by the Ministry of Commerce of the People’s Republic of China (MOFCOM*) to proceed with the implementation of the acquisition of Magic by L’Oréal.
Acquisitions
Following the approval of the Brazilian Anti-Trust Authority CADE, The Body Shop confirms the acquisition of 51% of Emporio Body Store in Brazil with the option of increasing its shareholding to 80% by 2019, as per the terms of the project announced on 15 October.
About Emporio Body Store
Share buyback programme
The Board of Directors’ meeting held on November 29, 2013 and chaired by Mr. Jean-Paul Agon, decided, pursuant to the authorisation voted by the Annual General Meeting of Shareholders on April 26, 2013, to buy back L’Oréal shares for a maximum amount of €500 million between now and the end of the first quarter of 2014.
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